Re: FreightCorp sale is official.

["avachat" <avachat@dingoblue.net.au>]

Tezza <tezza2000@dingoblue.net.au> wrote in message
39bb09ed$0$26523$7f31c96c@news01.syd.optusnet.com.au">news:39bb09ed$0$26523$7f31c96c@news01.syd.optusnet.com.au...
>
> "David Bromage" <dbromage@fang.omni.com.au> wrote in message
> HjDu5.16$H55.4337@news0.optus.net.au">news:HjDu5.16$H55.4337@news0.optus.net.au...
> > T & J Jones (jonest@senet.com.au) wrote:
> > > Apparently the NSW government wants to sell FC to the same bidder as
NR.
> >
> > That could be seen as anti-competitive, especially if the NR sale is
> > completed first. Having secured NR, the winning bidder could conceivably
> > bid for FC at much less than its actual value.
> >
> > Incidentally, didn't NR's charter preclude it from carrying intrastate
> > freight?
>
>
> For the first 5 years only, though I think it was ignored even during that
> time.
>
> 1) Tezza is correct about the 5 years, as for the BHP steel
I think that was a decision made by BHP not NRC.
As for DBs comment re: reduced bid for FC.
This is the very reason the RTBU is pushing  for a parrallel sale or
conjunctional sale.
The NSW Government realise this now hence the announcement to sell FC.
All that is needed now is for the Feds to agree.


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