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Qube’s Moorebank stake on the block

Jenny Wiggins

Qube is considering selling part or all of its stake in NSW’s new interstate freight hub at Moorebank in southwest Sydney because it is never going to be a “high earner” for the logistics group, says chief executive Paul Digney.

Mr Digney revealed the potential sale plans after strikes at stevedore DP World – which competes with Qube’s part-owned stevedore Patrick – helped boost the group’s annual net profit by 32 per cent to $221.9 million.

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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

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    Original URL: https://www.afr.com/companies/infrastructure/qube-s-moorebank-stake-on-the-block-20240821-p5k49g