Sept 17 (Reuters) - Aurizon Holdings Ltd AZJ.AX :
* AURIZON COMMENCES PROCEEDINGS REGARDING SALE OF AUSTRALIAN ASSETS OF GENESEE & WYOMING
* APPLIED TO COURT SEEKING DAMAGES & DECLARATIONS THAT GENESEE & WYOMING BREACHED CO'S CONTRACTUAL RIGHTS OVER G&W'S AUSTRALIAN ASSETS
* RIGHTS OF FIRST REFUSAL AGREEMENT GIVES CO FIRST RIGHT OF REFUSAL OVER VARIOUS FORMS OF DIVESTMENT BY G&W OF ITS AUSTRALIAN ASSETS
* AURIZON BELIEVES G&W HAS BREACHED RIGHTS IN TWO RESPECTS.