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News: GNC ACCC To Not Oppose ANZ Terminals's Proposed Acquisition Of Graincorp Bulk Liquid Terminals

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    15/11/19
    12:10
    Post #: 41444920

    Nov 15 (Reuters) - Australian Competition & Consumer Commission:

    • WILL NOT OPPOSE ANZ TERMINALS PTY LTD’S PROPOSED ACQUISITION OF GRAINCORP BULK LIQUID TERMINALS
    • GRAINCORP'S BULK LIQUID FACILITY AT PORT KEMBLA HAS BEEN EXCLUDED FROM TRANSACTION AND WILL REMAIN PART OF GRAINCORP
    • ACCEPTED OBLIGATION ANZ TERMINALS WON'T LEASE ANY MORE LIMITED LAND AT PORT OF MELBOURNE'S COODE ISLAND WITHOUT ACCC CLEARANCE
    • AFTER PROPOSED TRANSACTION IS COMPLETED, GRAINCORP UNIT'S PORT KEMBLA FACILITY WILL BE OPERATED BY GNC
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