The Australian Competition and Consumer Commission (ACCC) has initiated a review of DP World Australia’s proposed $174.5 million acquisition of Silk Logistics. This move follows the announcement of the deal on November 11, 2024, where DP World Australia outlined plans to acquire Silk Logistics through a scheme of arrangement. Silk’s share price surged by over 40 per cent shortly after the announcement, signalling strong market reactions.
The ACCC’s review, which commenced on December 9, is seeking input from stakeholders in the container logistics chain. The commission is exploring whether the acquisition could harm competition by favouring DP World Australia’s port logistics services or limiting competitors’ abilities to provide equivalent offerings. Key concerns include the potential for preferential treatment in slot allocations, terminal access fees, and ensuring fair access for Silk Logistics as a third party.
Public submissions on the matter will remain open until 5 pm on December 23, giving industry participants a platform to share their views on how the deal might reshape the container supply chain.
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