Shipping company Wallenius Wilhelmsen has entered into a definitive agreement to sell Melbourne International RoRo and Auto Terminal (MIRRAT) for AU$332.5 million (US$221 million) to Australian Amalgamated Terminals, a wholly owned subsidiary of Australian logistics company Qube Holdings.
Wallenius Wilhelmsen will continue to utilize MIRRAT following the transaction, ensuring services to its customers will not be impacted by the sale.
Wallenius Wilhelmsen expects closing of the transaction in the third quarter of 2024 subject to the satisfaction of certain conditions including regulatory and contractual approvals. Additional information will be provided on closing of the transaction.
Lasse Kristoffersen, President and CEO of Wallenius Wilhelmsen, said the company believes the terminal's independence and open access can be even better developed under a new and independent ownership.
