SCT Logistics gains part of Toll’s rail divestments

<p>SCT Logistics will get 12 locomotives and &#8220a variety of rolling stock to suit container movements&#8221 from Toll Holdings, the company said today (Friday, February 16) after the Australian Competition and Consumer Commission yesterday gave the green light to the divestment.</p> <p>The equipment represents part of the &#8220east-west rail assets&#8221, also called the starter’s kit, that Toll last year pledged to give up in return for ACCC allowing Toll’s takeover of Patrick Corp to go ahead, ACCC commissioner Stephen King told <em>Lloyd’s List DCN</em> . </p> <p>&#8220There will still be some spare assets that will still be available to other parties,&#8221 Dr King said.</p> <p>Toll has sought a variation to certain of its ACCC undertakings after an announced restructuring, the ACCC said, &#8220requesting, amongst other things, a waiver of the obligation to make the east-west rail assets available&#8221.</p> <p>ACCC chairman Graeme Samuel said: "The ACCC has considered Toll’s request for a waiver and has determined that Toll should be required to comply with its original obligation with regards to the east west rail assets.</p> <p>"The ACCC is continuing its assessment of all other aspects of Toll’s proposed variation and expects to make an announcement in that regard as soon as possible." </p> <br />