Port of geelong accc
WebSep 1, 2024 · The Port of Geelong is a freehold diversified bulk commodity port in Victoria, located approximately 75km south-west of Melbourne. It is Victoria’s largest bulk commodity port, handling... WebOct 26, 2024 · The ACCC said that the Port of Geelong and the Port of Portland were the two largest Victorian bulk cargo ports and accounted for more than half of bulk cargo in …
Port of geelong accc
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WebAug 30, 2024 · ACCC chair Gina Cass-Gottlieb said the agency was “concerned the common fund management and ownership interests between the Port of Geelong and the Port of Portland would reduce competition for ... WebNov 28, 2024 · The port of Geelong is a bulk commodity port in Victoria. It is Victoria’s largest bulk commodity port, handling approximately 40% of Victoria’s bulk freight, according to a September 1 note by legal firm Gilbert + Tobin. “The ACCC’s review was ongoing since the proposed acquisition was announced in January 2024, and had not yet reached ...
WebApr 6, 2024 · There are worries that changes in the ownership of the Port of Geelong will cause competition issues in Victoria. THE AUSTRALIAN Competition and Consumer … WebSep 7, 2024 · A $1.2 billion buyout of the GeelongPort by Spirit Super Palisade Consortium has been called off after concerns were raised by Australia’s competition watchdog. GeelongPort confirmed current owners, State Super and Brookfield, would continue to own the port while further options were considered.
WebMar 31, 2024 · The Port of Geelong is Victoria’s second largest port, and is currently owned 50pc each by a consortium comprised of Linx Cargo Care Pty Ltd and Infrastructure Investment Corporation (managed by Brookfield), and SAS Trustee Corporation. The Port of Portland is a diversified bulk commodity, deep water port in south-west Victoria. WebSep 1, 2024 · The ACCC also noted that the Port of Geelong and the Port of Portland collectively handle over half of Victoria’s bulk cargo, with overlap in the grain, timber, …
WebNov 29, 2024 · GeelongPort is Victoria’s second largest port and handles close to 12 million tonnes of cargo and more than 600 vessel visits each year. GeelongPort sale The sale of GeelongPort on November 20 to investment firm, Stonepeak, and industry super fund, Spirit Super, could also provide added certainty for Midway’s grain-terminal proposal.
WebAug 30, 2024 · The ACCC conducts merger reviews with the rigour warranted by the complexity and significance of a transaction." The Port of Geelong is a freehold diversified bulk commodity port in Victoria. It handles approximately 40% of Victoria's bulk cargo and is Victoria's largest bulk commodity port. biltmore transitional housingWebThe Port of Geelong is located on the shores of Corio Bay at Geelong, Victoria, Australia. The port is the sixth-largest in Australia by tonnage. [3] Major commodities handled by the … biltmore town square asheville ncWebJul 28, 2024 · “The ACCC considers that both Riordan and Semaphore will face significant competitive constraint, specifically from GrainCorp and Viterra,” ACCC commissioner Cristina Cifuentes said. “GrainCorp and Viterra are the dominant providers of bulk wheat port terminal services at the Port of Geelong and Port Adelaide respectively. cynthia sauvageWebOct 18, 2024 · GeelongPort is the second largest port in Victoria and handles more than $7 billion worth of trade annually. GeelongPort Infrastructure Capital Group, which had joined … biltmore town square theaterWebMar 31, 2024 · The proposed acquisition, according to the Australian Competition & Consumer Commission (ACCC) will therefore lead to minority common ownership between the Port of Geelong and Port of Portland. “For future large port users, there are very few bulk port options in Victoria,” said ACCC Commissioner, Stephen Ridgeway. biltmore town square apartments asheville ncWebJan 19, 2024 · Naturally ACCC is keen on knowing if the deal would affect service prices, service levels or stevedore services. ... Port of Portland is 290 km west of Geelong and 356 km from Port of Melbourne ... cynthia savageWebThe ACCC released a Statement of Issues on 31 March that identified concerns associated with the role of Palisade Investment Partners, which would have acquired 49% of Port of … biltmore town square map