The Australian Competition and Consumer Commission has announced it will not oppose Qube Logistics’ acquisition of Macarthur Intermodal Shipping Terminal (MIST).

 

Qube first announced the move to acquire MIST in June, in a bid to significantly increase its rail and warehousing operations.

 

The $95 million deal will see Qube expand its fleet to around 80 locomotives and an estimated 800 wagons.

 

Qube has announced it expects the deal to be formally completed on 22 August.