News: QUB Australia's ACCC Investigates Qube's Completed Acquisition Of Newcastle Agri Terminal

Oct 7 (Reuters) - Qube Holdings Ltd (QUB) :

• ACCC INVESTIGATES QUBE'S COMPLETED ACQUISITION OF NEWCASTLE AGRI TERMINAL
• ACCC WAS NOT PROVIDED WITH SUFFICIENT TIME OR INFORMATION TO ASSESS COMPETITIVE IMPACT OF TRANSACTION
• ACCC NOW INVITES SUBMISSIONS FROM MARKET PARTICIPANTS WHO MAY HAVE CONCERNS ABOUT ACQUISITION
• POTENTIAL CONCERNS RELATE TO VERTICALLY INTEGRATED POSITION THAT QUBE WILL HOLD IN SUPPLY CHAIN FOR DELIVERY OF BULK GRAIN TO PORT OF NEWCASTLE
• INVESTIGATION WILL FOCUS ON IMPACT OF ACQUISITION ON SUPPLY CHAIN FOR BULK GRAIN EXPORT THROUGH PORT OF NEWCASTLE, AMONG OTHERS
• INVESTIGATION WILL FOCUS ON ABILITY AND INCENTIVE FOR QUBE TO DISCRIMINATE AGAINST RIVALS, AMONG OTHERS