This Month
Democracies take fight to China in infrastructure cold war
Joe Biden hopes to get the world’s democracies to take on Xi Jinping’s Belt and Road. Much will depend on whether the private sector buys in.
- Jacob Greber and Emma Connors
Seven Group extends Boral takeover offer
It has lodged a notice with the ASX outlining a variation of its bid.
- Simon Evans
Transurban hopes it is down but not out as US road plan snags
Transurban hopes a vote to exclude a Maryland tollroad redevelopment plan from mandatory environment studies is not a death knell for the project,
- Lucas Baird
- Opinion
- Chanticleer
Boral to put heat on Stokes over board control
The Stokes family’s nil-premium takeover offer for Boral looks like setting up some boardroom argy-bargy over the appropriate number of independent directors.
- Tony Boyd
Macquarie beats billionaires to clinch Italian tollway deal
The bank has seen off a pair of activist billionaires to grab a stake in the European country’s biggest toll road network in a $14.6 billion win.
- Hans van Leeuwen
Boral’s ‘pillar of strength’ may disappear
Boral’s own share buyback accounts for almost 50 per cent of daily trade in the stock since late May.
- Updated
- Simon Evans
Boral scoffs at Stokes’ lowball, opportunistic offer
Grant Samuel values Boral shares between $8.25 to $9.13, which is 40.5 per cent higher than the Seven offer at the upper end.
- Updated
- Simon Evans
- Opinion
- Chanticleer
Kerry Stokes has Boral in a corner
Kerry Stokes is slowly but surely winning control of building and construction materials group Boral, and minority shareholders can do nothing about it.
- Tony Boyd
Brickworks says US rebounding fast, Australia strong
Australia’s largest brickmaker says Queensland and Western Australia demand is particularly strong, but shortages of timber trusses are a handbrake.
- Updated
- Simon Evans
Cardno jumps on US infrastructure takeover buzz
The Brisbane-based engineering outfit, started as WWII wound down, has thrown open its doors in a sale process after fielding ‘unsolicited’ approaches.
- Liam Walsh
- Opinion
- Chanticleer
Boral reaches crunch point
The release this week of an independent valuation of Boral shares will be critical to the ownership of the company and possibly the outcome of the $8 billion Seven Group takeover offer.
- Tony Boyd
Boral buyback speeds up as Seven rejection nears
An independent expert report by Grant Samuel is almost ready, as Boral’s spending on its own shares reaches $307 million.
- Simon Evans
Ansell picks new CEO from within
Neil Salmon has been elevated from running the industrial gloves division and will take over in September from Magnus Nicolin.
- Simon Evans
ElectraNet gives green light to its share of $2.3b interconnector
The SA-based electricity transmission network will pay $457 million of the total cost of the 900-kilometre interconnector.
- Simon Evans and Angela Macdonald-Smith
Cleanaway eyes ‘Uber’ of garbage system
Heavy investment in internet of things technology on 3000-plus rubbish trucks brings the promise of a high-tech future.
- Simon Evans
- Exclusive
- Global economy
Why the world’s pension funds have discovered Indonesia
Veteran banker Ridha Wirakusumah says backing by two global institutional investors has generated interest in Indonesia’s new sovereign wealth fund.
- Emma Connors
Bureaucrats watch and hope on Gupta’s Whyalla deal
Government officials have ‘no visibility’ of the terms of a refinancing deal between Sanjeev Gupta and white knight White Oak.
- Simon Evans
May
Amid fake-test fears, lab overseer says vigilance lifted
A clients list with faking software, and industry sources have also raised concerns about work on mining-rail projects.
- Liam Walsh
KKR-Domain’s $3.1b offer upends PEXA process
A $3.1 billion offer with a deadline of 5pm on May 30 is being closely examined by PEXA shareholders, but rivals haven’t given up.
- Simon Evans
Ex-Cleanaway boss to run Sanjeev Gupta’s InfraBuild
Vik Bansal, the former chief executive of Australia’s biggest waste management company, will start on July 1 as CEO of GFG Alliance’s structural steel business.
- Simon Evans and Jenny Wiggins
