GrainCorp responds to ACCC's concerns about ANZ Terminals deal

Company News

by Rachael Jones

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.

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