Silk Logistics slumps on competition risks in potential DP World takeover

Silk Logistics Holdings

12/03/2025 23:29

** Shares of Australia's Silk Logistics SLH.AX tumble 14.9% to A$1.685; set for weakest trading session since February 27, 2024

** Stock hits lowest since November 8, 2024

** The Australian Competition and Consumer Commission (ACCC) raises concerns over DP World's proposed deal to takeover SLH

** ACCC says less competition in the container transport services could result in a rise in prices and worsen the quality of terminal services for transport groups that compete with SLH

** ACCC reviewing deal and is expected to announce its findings in early June

** Stock down 16.8%, YTD

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com;))