Qube Holdings Limited entered into a binding agreement to acquire Newcastle Agri Terminal Pty Ltd from Riverina Pty Limited, Viterra Pty Ltd, CTC Terminals Pty Ltd and Co-Operative Bulk Handling Limited for AUD 90 million.

Qube Holdings Limited (ASX:QUB) entered into a binding agreement to acquire Newcastle Agri Terminal Pty Ltd from Riverina (Australia) Pty Limited, Viterra Pty Ltd, CTC Terminals Pty Ltd and Co-Operative Bulk Handling Limited for AUD 90 million on September 8, 2021. Total consideration is in the order of AUD 90 million which will be funded through Qube's existing undrawn debt facilities. There are conditions precedent to be satisfied common with a transaction of this nature and subject to these, completion will occur on September 30, 2021.

Ernst & Young LLP, Investment Banking Arm acted as financial advisor to Newcastle Agri Terminal Pty Ltd.