Ro-ro shipping group Wallenius Wilhelmsen has entered into an agreement to sell its Melbourne International RoRo & Auto Terminal (MIRRAT) to Australian Amalgamated Terminals for AUD332.5 million (USD221.4 million).
Australian Amalgamated Terminals is a wholly owned subsidiary of Qube Holdings. Wallenius Wilhelmsen will continue to utilise MIRRAT following the transaction, which is expected to close in Q3 2024, subject to the satisfaction of conditions, including regulatory and contractual approvals.
“MIRRAT has been incredibly successful both commercially and financially, and the sale demonstrates the values created in our logistics business,” said Lasse Kristoffersen, president, and ceo at Wallenius Wilhelmsen. “As we continue to develop our integrated offering to customers, we believe the terminal’s independence and open access can be even better developed under a new and independent ownership. We will continue to be a happy customer of MIRRAT and work with the strong team there.”
