the Australian authority antitrust gives the go-ahead free to the proposals for the privatization of the port of Melbourne



The Australian Competition and Consumer Commission (ACCC) has announced today that it will not be opposed to the proposals introduced separately from two consortia in order to acquire the management of the port of Melbourne for a duration 50-year-old. Draft of the offer introduced from the consortium guided from the manager of deep Australian IFM Investors, whose quota in the consortium will be pairs to the 50-55%, and participated with a quota 25-30% from pension fund Dutch APG Asset Management and with a quota 20% from Macquarie Infrastructure and Real Assets (SIGHT) of the Australian group Macquarie and the offer introduced from the consortium capeggiato from Private Australian QIC Capital (QPC) with a quota pairs to about 40% and participated with 20% about from the GIM Advisory Services (GIMAS) of the Australian group Global Infrastructure Partners and with 20% about from the Borealis Infrastructure Incorporated Management of the Canadian group Borealis.

"the ACCC - the president of the Australian authority has explained antitrust, Rod Sims - has lead groundbreaking investigations near an important number of users of the port and parts interested to various levels of the logistic chain. The ACCC has formed the opinion that the acquisition would not determine a substantial reduction of the competition".

Sims has evidenced moreover that "no single member of the consortia will control the port or stops a participation of control in other ports or correlated vertically companies. The presence of others important shareholders in each team - it has observed - limits any potential competitive damage".

The authority antitrusts ACCC has remembered which are the participation in the harbour field and between the users of the harbour field of the societies that compose the two consortia. In particular, IFM stops 35% of the capital of the NSW Ports, the society that manages the Australian ports of Port Botany and Port Kembla, and 26.7% of the Australian port of Brisbane. APG possesses 4.4% of the terminalista society DP World Australia. A society that is under responsibility of SIGHT has an inferior indirect participation to 12% in the society terminal ANZ Terminals. QPC on behalf manages a quota 26.7% of the Port of Brisbane of customers. GIMAS manages 15% of NSW Ports of customers on behalf. Moreover a society that is under responsibility of the QPC stops an indirect participation of 24.4% in DP World Australia and QPC manages the participation of 20% of the society in the Port of Melbourne. At last Global Infrastructure Australia Management and an associate of the GIMAS will manage a participation of 43% in the railway society Pacific National how much the cessions by the Australian group Asciano will come capacities to term in existence.

In fiscal year 2015-16, that it is finished 30th june, the port of Melbourne has enlivened a traffic of 89,3 million tons of goods, with an increment of +2.6% regarding 87,0 million tons in the exercise precedence. The traffic of the container has been pairs to 2,64 million teu (+2.3%). The liquid bulk is increased of +2.5% to 6,3 million tons and in increase (+6.7%) has turned out also the goods conventional is attested to 9,7 million tons. The bulk sand banks is dropped of -7,8% to the 3,8 million one tons.