Consolidating the fragmented logistics chain will significantly improve Qube's competitive position.
The Australian Competition and Consumer Commission, or ACCC, will not oppose Asciano's takeover by consortiums led by Qube Holdings and Brookfield Infrastructure Partners. While the takeover remains contingent on approval by the Foreign Investment Review Board and the Supreme Court in late July, the ACCC decision was the main hurdle and the deal is now almost certain to proceed. The takeover has already been approved by Asciano shareholders. The acquisition makes strategic sense for Qube as it c...Qube Holdings is engaged in providing logistics solutions across multiple aspects of the import-export supply chain. Co. is also involved in the management and development of properties. Co.'s segments include: logistics, which provides a range of services relating to the import and export of containerized cargo; ports & bulk division, which provides a range of logistics services relating to the import and export of mainly non-containerized freight, with focus on automotive, bulk and break bulk products; and strategic assets which include, among others, its 66.7% interest in the Moorebank Industrial Property Trust; a 37.5% interest in the Quattro Grain joint venture.
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