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Australia watchdog to review Pacific National bid for Glencore Rail

15th August 2016

By: Reuters

  

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MELBOURNE – Australia's competition regulator said on Monday it was reviewing a bid by Pacific National for Glencore's coal rail business in the Hunter Valley and would rule on the proposal by October 6.

It is already reviewing a rival bid by Aurizon Holdings, which is looking to increase its market share in the Hunter Valley against Pacific National.

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Edited by Reuters

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