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News: AIO Australia watchdog to review Pacific National bid for Glencore Rail

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    15/08/16
    12:32
    Post #: 18518880

    MELBOURNE, Aug 15 (Reuters) - Australia's competition regulator said on Monday it was reviewing a bid by Pacific National for Glencore plc's GLEN.L coal rail business in the Hunter Valley and would rule on the proposal by October 6.

    It is already reviewing a rival bid by Aurizon Holdings Ltd (AZJ) , which is looking to increase its market share in the Hunter Valley against Pacific National.

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