SYDNEY, AUSTRALIA — Qube Holdings Ltd., a diversified logistics and infrastructure company in Australia, has agreed to acquire Newcastle Agri Terminal (NAT) from existing shareholders CBH, Viterra Australia, Riverina and CTC Terminals.
Under terms of the agreement, Qube will pay A$90 million for NAT, which will be funded through Qube’s existing undrawn debt facilities. The transaction is expected to be finalized on Sept. 30.
The NAT facility has approximately 60,000 tonnes of silo storage, modern rail receival infrastructure, road discharge facilities and the ability to load out up to 2,000 tonnes per hour, Qube said. The company also indicated that NAT’s terminal is positioned to capture export grain from the large northern NSW draw zone, one of the most unique and productive grain producing regions in the world.
“The acquisition of NAT will further strengthen Qube Agri export bulk service offering to growers and traders the ability to now ship from Newcastle,” said Paul Digney, managing director of Qube Holdings. “The addition of this quality asset to the Qube Agri capability will ensure customers in the Northern draw zone can benefit from an efficient export terminal.”