• ACCC releases Statement of Issues on proposed acquisition by DP World Australia
• ACCC seeking comments by March 27, 2025 and expects to announce final decision on June 5, 2025
• Silk and DP World Australia remain committed to the transaction and will continue to work together to progress ACCC and FIRB approval

Silk Logistics Holdings Ltd (ASX:SLH) has provided an update on the proposed acquisition of the company by DP World Australia Limited by way of a scheme of arrangement. The Australian Competition and Consumer Commission (ACCC) has today released a Statement of Issues (SOI) in respect of the Scheme. The ACCC has sought comments on the matters raised in the SOI by March 27, 2025, and has indicated that it expects to announce its final decision on June 5, 2025. The SOI is a preliminary view by the ACCC of its investigations into the Scheme, and does not constitute a final decision. Silk understands that DP World Australia is working closely with the ACCC. As outlined in the Scheme Booklet, it is a condition precedent to the Scheme becoming effective that DP World Australia has received FIRB Approval for the Scheme. Silk will keep the market informed of any material developments in relation to the Scheme or the decision making process of the ACCC and FIRB. At this stage, the Scheme Meeting remains scheduled for March 28, 2025, but Silk will consider the impact of the ACCC's process on the Scheme timetable and provide a further update to the market as soon as possible. Silk and DP World Australia remain committed to the transaction and will continue to work together to progress ACCC and FIRB approval and all other regulatory steps required for implementation of the Scheme.