G&W to sell stake in Australian operations

Discussion about railroad topics everywhere outside of North America.

Moderators: Komachi, David Benton

David Benton
Posts: 8732
Joined: Thu Mar 11, 2004 11:29 pm
Location: New Zealand

G&W to sell stake in Australian operations

Post by David Benton » Sat Aug 03, 2019 10:12 pm

"TORONTO — Genesee & Wyoming is pulling out of Australia.

The short line holding company is selling its 51% stake in its Australia operations, which serves New South Wales, the Northern Territory, and South Australia, including the 1,400-mile Tarcoola to Darwin rail line."
http://trn.trains.com/news/news-wire/20 ... es-private
Moderator worldwide railfan , Rail travel & trip reports
The only train trips I regret are the ones I didn't take.

Jeff Smith
Site Admin
Posts: 8535
Joined: Tue Nov 07, 2006 9:28 am
Location: If it's Tuesday, It Must Be Belgium

Re: G&W to sell stake in Australian operations

Post by Jeff Smith » Sun Aug 04, 2019 11:14 am

Thanks for posting; I"m cross-threading to G&W and then returning.

I think I saw something on this as well; can't remember, but were there regulatory difficulties down under for G&W? Not surprised in any case with the potential acquisition of G&W; rationalizing the system I suppose, cashing out, etc.
Next stop, Willoughby
~el Jefe ("Jeff Smith Rules") :: RAILROAD.NET Site Administrator/Co-Owner

User avatar
NorthWest
Posts: 506
Joined: Tue Jul 15, 2014 1:54 pm

Re: G&W to sell stake in Australian operations

Post by NorthWest » Sun Aug 04, 2019 11:47 am

The main issue is that Brookfield has substantial investments in other Australian railway elements, including ownership of much of the Western Australia network. If there weren't potential competition concerns I doubt G&WA would be sold off.

It will be interesting to see if the brand will be changed in a couple years.

David Benton
Posts: 8732
Joined: Thu Mar 11, 2004 11:29 pm
Location: New Zealand

Re: G&W to sell stake in Australian operations

Post by David Benton » Sun Aug 04, 2019 2:45 pm

Not sure Jeff, but I doubt there is any expectation of competition on the Darwin route.Perhaps in lieu of that , there is some kind of price control or capping in place. Will research the Australian franchising system when I get time , as I am interested how it works too.
Moderator worldwide railfan , Rail travel & trip reports
The only train trips I regret are the ones I didn't take.

David Benton
Posts: 8732
Joined: Thu Mar 11, 2004 11:29 pm
Location: New Zealand

Re: G&W to sell stake in Australian operations

Post by David Benton » Mon Aug 05, 2019 1:30 am

Moderator worldwide railfan , Rail travel & trip reports
The only train trips I regret are the ones I didn't take.

Return to “Worldwide Railfan”