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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.

 



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