ACCC not to oppose the acquisition of WA rail assets of Australian Railroad Group by QR and Babcock & Brown.

0 Comments | M2 Presswire, March, 2006

M2 PRESSWIRE-30 March 2006-AUSTRALIAN COMPETITION AND CONSUMER COMMISSION: ACCC not to oppose the acquisition of WA rail assets of Australian Railroad Group by QR and Babcock & Brown(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:30032006 The Australian Competition and Consumer Commission will not oppose the acquisition of certain rail assets, primarily in Western Australia, from the Australian Railroad Group by Queensland Rail and Babcock & Brown, ACCC Chairman, Mr Graeme Samuel, said today.

"Competition concerns focused on bulk rail freight", he said. "QR operates a bulk-freight business in Queensland and proposes to acquire ARG's Western Australian bulk-freight business. Despite some attempts, QR has never won a bulk rail freight tender in WA and ARG has...