Australia's competition watchdog raises concerns over Qube's MIRRAT deal

Reuters

2024/10/24

Oct 24 (Reuters) - Australia's competition regulator said on Thursday that competition concerns have been raised with Qube Holdings' proposed acquisition of Melbourne International RoRo & Auto Terminal Pty (MIRRAT).

The Australian logistics provider had first announced the deal to acquire MIRRAT in May for a consideration of A$332.5 million ($220.61 million).

($1 = 1.5072 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru; Editing by Alan Barona)

((Shivangi.Lahiri@thomsonreuters.com))

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