Internal GWA memo sighted this morning stating that Brookfield will dispose of the 51% stake in GWA by the end of 2019 "due to regulatory considerations related to Brookfield's existing rail operations in Australia".I agree - GWAs footprint doesn't overlap here all that much with other Brookfield operations - GWA SA/NT is pretty well self contained or on the DIRN, and the Hunter business is
Personally I think they would have got it past the ACCC, but they had their fingers burnt when they tried to purchase the PN business from Asciano and probably didn't want to go down that path again.
Might the business be split (above and below)? Id like to see open access under an ARTC style regime on the Darwin line to make it easier for other operators to access then line.
Could other operators (esp say PN) also have competition issues if it tries to buy the GWA SA/NT business on the whole?
Not sure who could be in the frame for the Hunter business now too. PN and Aurizon were about to have an ACCC battle when it was up for sale the last time.
Watco might be one to watch....