Aurizon has offloaded One Rail’s coal haulage business to a joint venture half owned by M Resources founder Matt Lattimore, securing $425 million in cash for investors.
The Brisbane-headquartered rail group has been trying to sell off the east coast coal haulage operations of freight rail business One Rail, which it bought for $2.35 billion in July, to assuage competition concerns.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
