AAT acquires Melbourne ro-ro terminal
Wallenius Wilhelmsen has agreed to sell Melbourne International Ro-Ro & Auto Terminal (Mirrat) for AUD 332.5 million (USD 220 million) to Australian Amalgamated Terminals, a subsidiary of Qube Holdings Limited. Despite the sale, Wallenius Wilhelmsen will continue to use Mirrat, ensuring uninterrupted service for its customers.
Lasse Kristoffersen, president and CEO of Wallenius Wilhelmsen, praised Mirrat’s commercial and financial success and believes that the terminal’s independence can thrive under new ownership. The company says that it remains committed to the Australian market and plans to expand its global logistics offerings.
The deal, advised by Bofa Securities, is expected to close in Q3/2024, pending regulatory and contractual approvals. (pb)