I have the feeling AZJ is being forced to takeover another business to build bulk revenues and the likes......... One rail has been mentioned from Macquarie research a few times and makes sense.
Will give AZJ much larger rail access and customers
One Rail Auction a Big Opportunity for Aurizon -- Market Talk2341 GMT - An auction of One Rail Australia's businesses is a material opportunity forrival Aurizon, says Macquarie, which reckons Aurizon has ample fiscal strength to acquirethe non-coal operations of the rail freight company. A takeover of the wholegroup--including One Rail's coal-haulage arm--might be taken negatively, given Aurizon'sstrategy of shrinking its thermal coal exposure, the bank says. ESG is already a big headwind for Aurizon, although one that appears factored into its share price, Macquariesays. The bank reckons competition for One Rail assets will be tough. A winning bid wouldhelp Aurizon build its bulk business, as per its strategic goal
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