Australia's Qube slips after co to sell Beveridge land option

Qube Holdings

28/03/2022 01:41

** Shares of logistics services provider Qube Holdings
 QUB.AX  fall as much as 1% to A$3.08
    ** Co sells its option to buy land at Beveridge, north of
Melbourne, for the development of a rail freight terminal to
National Intermodal Corporation (Commonwealth Government
Business Enterprise)
    ** The financial details of the transaction were not
disclosed by Qube
    ** Under deal, Qube has the right to repurchase the option
should National Intermodal choose not to exercise prior to Sept
2022
    ** The deal provides Qube with flexibility to participate in
any future interstate rail freight terminal and the development
of industrial warehousing at Beveridge - Qube spokesperson 
    ** QUB shares down ~2% this year, as compared with a 7% rise
in 2021

 (Reporting by Indranil Sarkar in Bengaluru)
 ((Indranil.Sarkar@thomsonreuters.com;))