March 18 (Reuters) - Australian Competition & Consumer Commission:
- ACCC TO MONITOR EFFECT OF QUBE'S ACQUISITION OF NEWCASTLE AGRI TERMINAL
- DECIDED IT WILL NOT PURSUE ENFORCEMENT ACTION IN RELATION TO QUBE'S COMPLETED ACQUISITION OF NEWCASTLE AGRI TERMINAL AT THIS TIME
- REMAINS CONCERNED WITH POTENTIAL IMPACTS ON SUPPLY CHAIN FOR BULK GRAIN EXPORT THROUGH PORT OF NEWCASTLE BY QUBE
- WILL CONTINUE TO MONITOR DEVELOPMENTS IN THE INDUSTRY
- DECIDED NOT TO TAKE COURT ACTION AT THIS TIME ON QUBE
- CONCLUDED COMPETITION LOST BETWEEN THE NAT TERMINAL AND QUBE'S QUATTRO TERMINAL WAS NOT SIGNIFICANT
- CURRENTLY DO NOT CONSIDER QUBE IS LIKELY TO HAVE INCENTIVE TO DISCRIMINATE AGAINST RIVAL RAIL HAULAGE SERVICES ACCESSING NAT
Source text https://www.accc.gov.au/media-release/accc-to-monitor-effect-of-qubes-acquisition-of-newcastle-agri-terminal
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