July 25 (Reuters) - Australia's competition regulator on Thursday expressed concerns over the proposed acquisition by ANZ Terminals of Graincorp's (GNC) Australian bulk liquid terminals business.
"Our preliminary view is that the acquisition will remove a significant competitor in what is an already concentrated industry in New South Wales, Victoria, and South Australia," Australian Competition and Consumer Commission (ACCC) Chair Rod Sims said in a statement.
As a part of an ongoing portfolio review, agribusiness company Graincorp said in March it planned to sell GrainCorp Liquid Terminals Australia to ANZ Terminals for an enterprise value of A$350 million ($244 million).
($1 = 1.4335 Australian dollars)
News: GNC Australian antitrust watchdog raises concerns on Graincorp-ANZ Terminals deal
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