Eswaran, you say:
"...(East Coast Rail) will be divested through a sale or demerger, apparently with “whichever creates greater shareholder value”. Getting rid of ECR will not only help concentrate the overall revenue in bulk, but also keep the ACCC happy (AZJ would otherwise have a stranglehold on East Coast coal haulage)..."
The last bit is incorrect.
Unlisted Pacific National has a 43 per cent share of Hunter Valley NSW rail coal haulage, and newer entrant unlisted, Bendigo-based, locally owned Southern Shorthaul Railroad has two per cent.
A combined 45 per cent market share is significant for competitors post-any merger of AZJ and the former One Rail Australia coal trains.
95 per cent of ORA's coal haulage revenue is derived from NSW not Queensland.
Ann: Agreement for acquisition of One Rail Australia, page-35
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