The Qube acquisition of Melbourne Container Services (MCS) has hit a snag with the Australian Competition and Consumer Commission formally questioning the deal, The Australian has reported.
MCS operates shipping container import and export handling, empty container storage and road and rail transport services in Sydney.
The acquisition occurred in late December 2017 and has been completed. However, Qube has provided the ACCC with an undertaking that it will keep the MCS business separate and independent from the remainder of Qube's existing operations until at least 14 March 2018.
According to The Australian, Qube also tried to acquire MCS in 2010 in a deal that the ACCC blocked.
http://www.trailermag.com.au/news/article/accc-questions-qube-acquisition
and
https://www.fullyloaded.com.au/logistics-news/1801/accc-investigates-qubes-mcs-acquisition
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