ACCC approves DP World acquisition of Silk Logistics

The Australian Competition & Consumer Commission (ACCC) has announced it will not oppose DP World Australia’s proposed acquisition of Silk Logistics. 

Following an extensive investigation, including considering detailed responses to its statement of issues, the ACCC concluded that the proposed acquisition would not likely result in a substantial lessening of competition. 

Silk is a national container logistics provider in Australia and hauls import and export containers using trucks to and from ports where DP World Australia operates.