Qube Holdings Ltd. ( (AU:QUB) ) has provided an update.
Qube Holdings Ltd. announced that the Australian Competition and Consumer Commission (ACCC) has approved its acquisition of the Melbourne International RoRo & Automotive Terminal (MIRRAT) through its subsidiary, Australian Amalgamated Terminals Pty Ltd (AAT). This acquisition, valued at approximately A$332.5 million, is expected to enhance Qube’s operational capabilities and earnings per share in FY25. The transaction aligns with Qube’s strategic objectives and will see MIRRAT rebranded under the AAT brand, further strengthening its position in the logistics sector.
More about Qube Holdings Ltd.
Qube Holdings Ltd. operates in the logistics and infrastructure industry, focusing on providing efficient supply chain solutions. The company is involved in the ownership and operation of terminals, such as the Melbourne International RoRo & Automotive Terminal (MIRRAT), which services the Victorian market with roll-on, roll-off facilities.
YTD Price Performance: -15.25%
Average Trading Volume: 315
Technical Sentiment Signal: Hold
Current Market Cap: €3.6B
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