DP World Given Competition Clearance to Press Ahead with Silk Logistics Takeover - The Loadstar

DP World given competition clearance to press ahead with Silk Logistics takeover - The Loadstar

DP World has been cleared to proceed with its US$115m acquisition of Australian container haulage and inland depot operator Silk Logistics by competition regulators. Earlier this year, the Australian Competition and Consumer Commission (ACCC) had decided to investigate the takeover on the grounds that by acquiring a land transport provider, DP World would be able to increase terminal prices for other container haulage firms and thus lead to “red…

ACCC clears DP World's $174M acquisition of Silk Logistics

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me The Australian Competition and Consumer Commission has given the green light to DP World’s proposed acquisition of Silk Logistics, after finding it was not likely to substantially lessen competition. Subscribe to Lawyerly to access this article.Already a subscriber? Username or Email Address Password Remember Me Lost your p…

ACCC clears DP World’s acquisition of silk logistics

The ACCC has announced it will not oppose DP World Australia Limited’s proposed acquisition of Silk Logistics Holdings Limited.

ACCC happy for DPW to tie-up Silk - Shipping Australia

Australia's competition watchdog has declared that it will not oppose DP World's proposed acquisition of Silk Logistics because the purchase is unlikely to engage in discrimination and won't substantially lessen competition. “Although DP World Australia may be able to engage in subtle forms of discrimination without adversely affecting its primary…

DP World proposed acquisition of Silk Logistics not opposed - Prime Mover Magazine

Image: DP World.The ACCC will not oppose DP World Australia Limited’s proposed acquisition of Silk Logistics Holdings Limited. Following an extensive investigation, including considering detailed responses to its statement of issues, the ACCC concluded that the proposed acquisition would not likely result in a substantial lessening of competition. DP World Australia operates container stevedores at the Ports […] The post DP World proposed acquis…

DP World given green light to complete Silk acquisition

Image: Silk LogisticsThe ACCC has announced this morning that it won’t oppose DP World Australia’s proposed acquisition of transport operator Silk Logistics. Following an extensive investigation, including considering detailed responses to its statement of issues, the ACCC has concluded that the acquisition would “not likely result in a substantial lessening of competition”. It means DP World Australia, who operates container stevedores at the p…