Original article by Jenny Wiggins
The Australian Financial Review – Page: 15 & 25 : 20-Jul-18

The Australian Competition & Consumer Commission has launched legal action against Aurizon Holdings and Pacific National in the Federal Court. The ACCC is seeking to block the sale of Aurizon’s Queensland intermodal business and its Acacia Ridge terminal to Pacific National, its main business rival. The total cost of the two deals is $225 million, with Pacific National giving Aurizon a $35 million non-refundable deposit. ACCC chairman Rod Sims has compared the sale to Coles being sold to Woolworths.

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AURIZON HOLDINGS LIMITED – ASX AZJ, PACIFIC NATIONAL PTY LTD, FEDERAL COURT OF AUSTRALIA, COLES SUPERMARKETS AUSTRALIA PTY LTD, WOOLWORTHS GROUP LIMITED – ASX WOW, WESFARMERS LIMITED – ASX WES, QUBE HOLDINGS LIMITED – ASX QUB, QUEENSLAND. COMPETITION AUTHORITY, QUEENSLAND RESOURCES COUNCIL LIMITED, MOODY’S INVESTORS SERVICE INCORPORATED, STANDARD AND POOR’S (AUSTRALIA) PTY LTD