find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Qube fully acquires AAT

Qube fully acquires AAT

Qube has fully acquired Australian Amalgamated Terminals as the second part of the Asciano deal draws to a close.

Firm: Gilbert + Tobin (Qube Holdings)

Deal: Qube has acquired the remaining 50 per cent of the shares in Australian Amalgamated Terminals, as negotiated during the multibillion-dollar acquisition of Asciano earlier this year.

Value: Undisclosed

Area: M&A

Key players: Corporate advisory partner Andrew Bullock and competition and regulation partner Simon Muys led the Gilbert + Tobin advisory team, assisted by partners Luke Woodward and Tim Gole. Senior corporate advisory lawyers Wendy Hsu and Alastair Corrigall also assisted, along with Morelle Bull on competition and regulation and Adrien Grady in technology, media and telecommunications.

Deal significance: Gilbert + Tobin provided corporate advice and structured the deal, as well as securing the ACCC clearance.

“It reflects, I think, Qube’s continuing growth and in terms of its terminal business, and is another very significant milestone for the company,” Mr Muys told Lawyers Weekly.

ACCC clearance was required for Qube to move from 50 per cent to full ownership of AAT.

Mr Muys said the deal is significant because it represents a turning point in the history of the tenuous relations between the ACCC and auto terminals. But from a competition perspective, it’s a significant example of the ACCC taking an active and acute interest in port assets, he said.

“I think in terms of infrastructure competition issues and regulation around infrastructure, it’s a very dynamic time, perhaps more dynamic it’s been in a long time,” Mr Muys said.

“I think it is important to note that several ACCC decisions over the last year or two have shown that getting these deals involving vertical integration cleared is becoming more challenging, and is likely to evolve and require more careful management through the process.”

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Qube fully acquires AAT
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...