Australia's competition regulator has further delayed a decision on the $9.05 billion takeover of rail and ports giant Asciano, saying it has received complaints the deal will reduce competition in the container logistics business.
The Australian Competition and Consumer Commission has invited further industry submissions by June 10 and expects to announce its final decision by July 21, after receiving numerous objections covering a broad range of concerns about the proposed acquisition, ACCC chairman Rod Sims said in a statement on Thursday.
Asciano in March agreed to be taken over by a consortium comprising of local logistics firm Qube and Canadian infrastructure giant Brookfield, plus six other global investment funds.
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