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Mergers and Acquisitions

Brownes Dairy CEO Natalie Sarich-Dayton.

RetailCommentsPremium‘Not a firesale’: Brownes Dairy seeks owner with commitment

Australia’s oldest dairy company is looking for its fifth owner in 20 years after being put on the market in the wake of a loan default by its Chinese parent.

Sean Smith

Anthony Bayne is joining Argonaut

MiningCommentsPremiumArgonaut brings in Rothschild banker to hunt more deals

A red hot gold market has buoyed Argonaut to beef up its mergers and acquisitions team with the hire of a former Rothschild & Co banker.

Adrian Rauso

Brownes Dairy CEO Natalie Sarich-Dayton at the company’s plant in Balcatta.

ManufacturingCommentsPremiumBrownes Dairy up for sale as Chinese owner defaults on loan

Insolvency experts from McGrathNicol have been put into Brownes’ parent, Australian Zhiran, by the Hong Kong-listed China Mengniu Dairy Company, which is owed $200m.

Sean Smith

MAM will retain its public investments business in Australia, where it will be “a more focused, leading, global private markets alternatives business”.

Funds managementCommentsMacquarie sells global investment arm for $2.8b

Macquarie Group is selling off its North American and European public investment businesses to Japanese banking and brokerage group Nomura in a deal worth about $2.8 billion.

Daniel Newell

Woodside Energy chief executive Meg O'Neill.

Oil & GasPremiumWoodside Energy hooks German utility for US gas

The Australian oil and gas group has struck long-term deals to supply LNG to German company Uniper, with at least half of the gas to be sourced from Woodside’s planned Louisiana plant in the US.

Sean Smith

Northern Star ) CEO Stuart Tonkin

MiningPremiumNorthern Star’s De Grey purchase sails through

More than 99 per cent of De Grey Mining’s investors have voted in favour of folding their shares into Northern Star Resources’ mega offer.

Adrian Rauso

Turnover has continued falling into the second half at Star.

MarketsPremiumStar’s financial woes laid bare as rescue deal looms

Struggling casino group Star Entertainment Group is still bleeding customers as long-delayed financial accounts showed it lost $302 million in the December half-year.

Sean Smith

The exploration camp at Hemi. De Grey Mining Mallina camp in the Pilbara.

MiningCommentsPremiumNorthern Star’s big De Grey buyout gets kingmaker’s blessing

Australia’s largest gold miner is on the precipice of making its Pilbara dreams a reality after Gold Road Resources finally endorsed a multi-billion takeover deal.

Adrian Rauso

Ian Murray led Gold Road through its discovery of the Gruyere deposit in central WA during 2013 and its sale of a half stake in the mining project to Gold Fields for $350 million three years later.

The West Australian exclusive
The West Australian exclusive
MiningPremium
The West Australian exclusive
Gold Road worth an extra $1.6b claims former chief

Gold Fields should cough up at least another $1 billion to buy Gold Road Resources, according to the man that brought the two companies together at their shared gold mine.

Adrian Rauso

GRB will operate 25 Salt&Pepper stores and retain its 220 team members.

RetailCommentsSolomon Lew Jnr expands retail group with Salt&Pepper deal

The son of billionaire retail mogul Solomon Lew has bolstered his Global Retail Brands by acquiring Melbourne-based homewares and kitchenware business Salt&Pepper.

Cheyanne Enciso

Prada says the Versace brand offers "significant untapped growth potential". (AP PHOTO)

BusinessPrada to buy rival Versace in $2.3 billion deal

Versace will be acquired by the Prada Group from the US luxury group Capri Holdings.

Staff Writers

Woolworths already holds a minority 23 per cent stake in B&J City Kitchen.

RetailCommentsACCC clears Woolworths’ ready-made meals takeover

Australia’s consumer watchdog has cleared Woolworths’ takeover of ready-made meals provider Beak & Johnston Holdings after finding no evidence it would lessen competition.

Cheyanne Enciso

Gold Road Resources Managing Director and Chief Executive Duncan Gibbs.

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MiningCommentsPremium
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Gold Road eyes more cheddar from Gruyere partner

A new mining study is paving the way for Gold Road to demand a better takeover price from Gold Fields as the feud between mine partners rages on.

Adrian Rauso

Abacus Storage King owns and manages about 200 self storage spaces across Australia and New Zealand.

M&ACommentsAbacus Storage King shares jump following $1.9b takeover bid

A consortium of US investors, including New York-listed Public Storage, has lobbed a $1.93 billion takeover offer for self-storage giant Abacus Storage King.

Cheyanne Enciso

TikTok's parent company is required to sell the platform to remain in the US under a local law. (Morgan Hancock/AAP PHOTOS)

BusinessAmazon, OnlyFans founder make bids for TikTok

Amazon has reportedly put in a late bid to purchase short video app TikTok from Chinese owner ByteDance while Zoop says it is also in the running.

Staff Writers

The Paris Grove construction workers camp at Australind.

Commercial PropertyPremiumREVEALED: Plans for unused South West workers’ camp

The 18-hectare Paris Grove village in Australind was put on the market last year after Albemarle iced the expansion of its nearby Kemerton lithium plant amid weak prices for the battery metal.

Sean Smith

Kelsian’s SeaLink ferry business runs to Rottnest Island.

Mergers and AcquisitionsCommentsPremiumSeaLink’s Rottnest Island ferry service hits market

Parent company Kelsian says the business will be offered for sale as part of a portfolio of ferry, tour and resort businesses in Queensland, South Australia, NSW, Tasmania and the Northern Territory.

Sean Smith

Riverton at Jimboomba QLD.

PropertyCommentsAVJennings to be gobbled up by US private equity giant

Shares in property developer AVJennings have jumped after it agreed to be gobbled up by global private equity player Proprium Capital Partners and its local subsidiary.

Cheyanne Enciso

Washington says TikTok's ownership by ByteDance makes it beholden to the Chinese government. (AP PHOTO)

TechnologyPremiumTrump says TikTok sale deal to come before deadline

Donald Trump has set a deadline this weekend for TikTok to find a non-Chinese buyer or face a US ban on national security grounds.

Andrea Shalal and David Shepardson

ACCC commissioner Anna Brakey said the partnership would boost international capacity with little to no public impact and help to bring down airfares. 

AviationCommentsACCC clears runway for Virgin and Qatar take-off

Virgin Australia and Qatar Airways have been cleared for take-off with a partnership that will double the number of weekly flights between four key national gateways and Doha in the Middle East.

Daniel Newell

Nine said the improved offer could deliver it after-tax cash proceeds of about $1.4b.

MediaCommentsCoStar ups bid for Nine-controlled Domain to $2.8b

The US property market data giant circling Australia’s Domain has sweetened its offer for the real estate listings platform to almost $2.8 billion.

Daniel Newell

The company’s board has already backed the binding scheme implementation agreement and largest shareholder Kin Group, which controls almost 21 per cent of the register, has also agreed to sell into the offer.

RetailCommentsThe Reject Shop is heading into foreign hands

The Reject Shop may be best known for its bargain-basement prices on everyday items but it has managed to attract a top-shelf takeover bid from a foreign suitor.

Daniel Newell

Gold Road boss said his biggest gripe with the mining giant’s offer is their ‘low ball’ price.

MiningCommentsPremiumFired-up Gold Road boss cheesed off by Gruyere partner’s bid

In a fiery response, the chief of Gold Road has accused Gold Fields of lying, withholding information about the mine the pair share and labelled the South African giant ‘at best a bumbling JV partner’.

Adrian Rauso and Simone Grogan

Gold Road Resources managing director Duncan Gibbs and Gold Fields vice president Australasia Stuart Mathews at the Gruyere mine.

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MiningCommentsPremium
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Gold Road rejects $3.3b takeover bid by Gruyere JV partner

A South African gold goliath is prepared to pay $3.3 billion to snap up its Goldfields joint venture partner, but the hunted wants to be the hunter.

Adrian Rauso