Despite low key beginnings, the fight between 50:50 partners Toll Holdings and Patrick Corporation over joint venture rail company Pacific National (PN) is now being seen as crucial in the former’s hostile takeover bid for the latter.
As reported in last month’s issue of WorldCargo News (p19), the dispute centres on PN’s activities in Queensland, where, earlier this year, it began above-track narrow-gauge operations under the Queensland Competition Authority (QCA)’s rail access regime in competition with the state government-owned Queensland Rail (QR)....
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This complete item is approximately 475 words in length, and appeared in the October 2005 issue of WorldCargo News, on page 20.
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