Business
Aurizon (ASX:AZJ) share price dips despite finalising $205 million sale
The Aurizon Holdings Ltd (ASX: AZJ) share price dipped slightly lower today. That’s despite the company finalising a deal to sell its Queensland rail terminal to Pacific National for $205 million.
The deal, which was announced in 2017, was initially blocked by the Australian Competition and Consumer Commission (ACCC), following a lengthy legal battle.
At close of trade, shares in the railway operator were trading for $3.88 – down 0.77%. By contrast, the S&P/ASX 200 Index (ASX: XJO) finished the day 0.49% higher.
Let’s take a closer look at the deal and its history.
Aurizon’s $205 million deal
The Aurizon share price fell today…
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