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)
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Last
$7.55 |
Change
-0.030(0.40%) |
Mkt cap ! $1.678B | |||
| Open | High | Low | Value | Volume |
| $7.57 | $7.58 | $7.53 | $21.27M | 2.816M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5814 | $7.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.59 | 15758 | 3 |
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| Last trade - 16.11pm 30/07/2025 (20 minute delay) ? |
| GNC (ASX) Chart |