G&W eyes a sale of global operations to Brookfield

 
  bingley hall Minister for Railways

Location: Last train to Skaville
GWA is actually an Australian company (Genesee & Wyoming Australia Pty Ltd) and not just a division of a US company. Once Macquarie own the business, they will own the name. If Brookfield-owned GWI want to take the G&W name out of circulation in Australia, they need to propose a deal which will be to the satisfaction of Macquarie-owned GWA.

An acceptable deal for Macquarie-owned GWA would be something along the lines of voluntarily renaming itself to something else within a year or so, in return for Brookfield-owned GWI agreeing that any further entry to the Australian market would use a name other than G&W.
While GWA operates through a locally registered company, as is the case with all subsidiaries of foreign companies, it is controlled by the US company and the contract of sale will dictate if the G&W name can be used. Often the contract will allow the buyer to continue to use the existing brand for a set period of time, maybe 6 months or so, during which time the business has to be rebranded.
David10

The name will change at the time of the sale or shortly after.

Sponsored advertisement

  bingley hall Minister for Railways

Location: Last train to Skaville
FWIW the sale of GWI to Brookfield went through on 30/12/19, which sort of places GWA in limbo as to the best of my knowledge the sale of of GWI's  51.1% in GWA to Macquarie Bank and PGGM, has not gone through, although it was supposedly to be concurrent with the sale of GWI to Brookfield.

https://ir.gwrr.com/press-release/acquisitions-investments/genesee-wyoming-announces-completion-sale-brookfield

Nor have I seen any recent updates on Aurizon’s legal challenge to the sale of GWA to Macquarie/PGGM which I believe GWI/GWA were to supposed to respond to by 31 October.

One source has suggested the sale of the stake in GWA to Macquarie etc should go through soon?
  james.au Minister for Railways

Location: Sydney, NSW
I cant find the court listings (though the NSW Supreme Court database looks to be glitchy atm) - anyone have any better luck?

Sponsored advertisement

Display from:   

Quick Reply

We've disabled Quick Reply for this thread as it was last updated more than six months ago.