Aurizon’s proposed acquisition of One Rail not opposed, subject to divestiture* The ACCC will not oppose the proposed acquisition of One Rail by Aurizon (ASX: AZJ), after accepting a court-enforceable undertaking from Aurizon to divest One Rail’s east coast business. “Without the divestment of One Rail’s east coast business, the ACCC considered that the proposed acquisition would reduce the number of main competitors in the supply of coal haulage in New South Wales and Queensland from three to two, likely resulting in higher prices or decreased service levels,” ACCC Chair Gina Cass-Gottlieb said. Aurizon and One Rail both supply rail haulage services for coal in New South Wales and Queensland and are the two of the three main suppliers of
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The Australian Competition Authority greenlights the acquisition of a rail haulage firm operating in the coal transportation sector by a rival, subject to a divestment (Aurizon / One Rail)
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