Aurizon Holdings Ltd. (AU:AZJ) has released an update.
Australia’s competition watchdog, the ACCC, has flagged potential anti-competitive effects from Aurizon Holdings Ltd.’s planned purchase of Flinders Logistics, fearing it may reduce competition in rail haulage and stevedoring services at key South Australian ports. The proposed deal could lead to Aurizon controlling critical operations at Port Adelaide’s Berth 29, raising concerns over restricted access for rivals and potential price hikes for bulk cargo customers. Submissions in response to the ACCC’s concerns are invited by the end of July.
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