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International Railroad Discussion > Genesee & Wyoming sell their Australian operations.Date: 02/20/20 13:56 Genesee & Wyoming sell their Australian operations. Author: DKay Date: 02/21/20 07:49 Re: Genesee & Wyoming sell their Australian operations. Author: tomstp Can't remember when G&W bought in Australia. How long ago?
Date: 02/21/20 12:52 Re: Genesee & Wyoming sell their Australian operations. Author: DKay tomstp Wrote:
------------------------------------------------------- > Can't remember when G&W bought in Australia. How > long ago? Tom,looks like since about Nov 97.They brought into South Australia rail infrastructure,and then expanded from there. Regards,dK Date: 02/21/20 16:30 Re: Genesee & Wyoming sell their Australian operations. Author: tomstp Thanks. If I remember correctly didn't they buy some more Australia operations in the last year? My point is it seems they didn't stay very long in Australia .
Date: 02/21/20 17:11 Re: Genesee & Wyoming sell their Australian operations. Author: jmt tomstp Wrote:
------------------------------------------------------- > Thanks. If I remember correctly didn't they buy > some more Australia operations in the last year? > My point is it seems they didn't stay very long > in Australia . G&W had no option, Brookfield already had other rail assets in Australia that would likely lead to objections from the Australian Competition and Consumer Commission, G&W's 51% shareholding in Genesee & Wyoming Australia was sold separately. Without this move the global sale would have stalled. Like G&W's exit from Bolivia in 2014. They sold out to local interests in the face of threatened nationalisation by a Socialist/Indigenous government. |