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20 September 2020 The on-line newspaper devoted to the world of transports 12:15 GMT+2

May 10, 2001

Adsteam's $500m acquisition finalised

By Evelyn Duffy in Perth

ADSTEAM Marine's quest to become the world's biggest towage operator is now forging ahead after Australia's competition watchdog, the Australian Competition and Consumer Commission (ACCC) indicated it would not intervene in the acquisition.

Adsteam managing director David Ryan said the $500 million acquisition of United Kingdom harbour ......
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