GrainCorp (ASX:GNC) has responded to a statement from the ACCC as they extend the review of the proposed sale of Australian Bulk Liquid Terminals.
They say the Statement is a procedural step in the ACCC’s informal merger review process and that a final decision will be in October.
The transaction was announced on 4 March 2019.
ANZ Terminals and GrainCorp both provide port-side bulk liquid storage services in New South Wales, Victoria and South Australia, where they compete to store liquids including oils and non-flammable industrial chemicals for customers.
Shares in GrainCorp (ASX:GNC)