One Rail Australia Sale Agreement to Aurizon
Last week Aurizon announced agreement has been reached for the acquisition of One Rail Australia for $2.35 billion with the intention of integrating the bulk and general freight assets into the Aurizon business and divesting One Rail Australia’s NSW and Queensland Business “East Coast Rail” through either a demerger or a trade sale. One Rail’s East Coast Rail largely consists of the NSW and Queensland Coal Operations. The sale is still subject to approvals by regulatory bodies and is proposed to be completed between January and April 2022, with the demerger of East Coast Rail to be completed in CY2022.
What does this mean for our NSW Members?
As we understand the NSW business will continue to operate as One Rail Australia independently from Aurizon and have its own CEO. While there will be some management changes it will largely operate business as usual. The RTBU Locomotive division has been in discussion with senior management and will continue to ensure members interests are considered and taken into account throughout the transaction period.
Your EA still applies and will continue to throughout the process.
Members can access more information on the sale process via the Aurizon Shareholders section of the Aurizon website.
If you have any questions or concerns, please speak with your local delegate or Organiser.