QUB qube holdings limited

News: QUB ACCC releases statement of issues on proposed acquisition of Asciano

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    May 26 (Reuters) - Australian Competition and Consumer Commission:

    • Accc releases soi on the proposed acquisition of Asciano
    • The accc commenced its review of the proposed acquisition on 30 March 2016
    • Received large number of submissions from industry stakeholders expressing broad range of concerns about proposed acquisition
    • "Concerns about the vertical integration of patrick container terminals with Qube and acfs"
    • Expects to announce its final decision on Thursday 21 July 2016
    • "Seeking additional feedback from interested parties on the likelihood of competition being lessened in container landside logistics at each port"
    • Is considering whether stevedoring and empty container park services will be bundled together, in a way that forecloses rival stevedores

 
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