Rail News

DATE

October 25 , 2021


Aurizon buys One Rail freight group for $2.35b

Australian Financial Review 
Oct 22, 2021 (Australia) 

Rail group Aurizon has capped off another huge week of mergers and acquisitions with a $2.35 billion cash acquisition of freight rail group One Rail Australia that will help to haul more of the commodities used in a low carbon world, such as manganese and rare earths.

“This actually puts us into a situation where we’re freighting the commodities that are talked about and play a part of the future in a low zero emissions-type environment,” Aurizon chief executive Andrew Harding said.

Source
https://www.afr.com/companies/infrastructure/aurizon-buys-one-rail-freight-group-for-2-35b-20211022-p5928a

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