Aurizon has thrown a spanner in the buyout of rival rail operator Genesee and Wyoming’s $1.8 billion Australian assets, claiming a 2006 deal gives it first dibs on any sale.
A lawsuit has been filed in NSW’s Supreme Court that threatens to disrupt the full acquisition of the assets by Macquarie Group’s Infrastructure and Real Assets division and Dutch pension fund manager PGGM.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
