Australian Amalgamated Terminals Pty Limited agreed to acquire Melbourne International RoRo & Automotive Terminal from Australian Amalgamated Terminals Pty Limited for approximately AUD 330 million .

Australian Amalgamated Terminals Pty Limited agreed to acquire Melbourne International RoRo & Automotive Terminal from Wallenius Wilhelmsen ASA (OB:WAWI) for approximately AUD 330 million on May 27, 2024. The consideration consists of AUD 332.5 million in non-convertible debt. As part of the consideration, AUD 332.5 million was paid towards common equity.

Completion of the acquisition is conditional on ACCC and Port of Melbourne approval. The transaction is expected to complete in early FY25. Qube intends to rebrand the MIRRAT business to the AAT brand following completion.

BofA Securities, Inc. acted as financial advisor to Wallenius Wilhelmsen. Alex Kauye and Simon Muys of Gilbert + Tobin actyed as legal advisor to Qube.