Yesterday
Atlas Arteria’s ‘back-up plan’ to fight French taxes
The tollroad group is cutting costs and jobs as it tries to keep dividends at current levels, chief executive Graeme Bevans says.
- Jenny Wiggins
This Month
Transurban wants more drivers to see the benefit of toll fares
In a strategy presentation to investors, the motorway giant’s chief executive Michelle Jablko said the focus would be on ‘running the business better’.
- Jenny Wiggins
More congestion, more profit: ex-CEO slams Sydney interchange plan
Ex-NSW roads executives say the controversial Rozelle Interchange was designed to have more congestion to increase the value of WestConnex before it was sold.
- Campbell Kwan
April
Downer EDI employees, council workers ‘seriously corrupt’, ICAC finds
Two former employees of Downer EDI were corrupt on transport projects and the company did not always comply with rules dealing with subcontractors, investigators found.
- Jenny Wiggins
QIC, Partners Group eye $2b Global Switch Australia; bids loom
Indicative offers are due May 5 and Global Switch’s owners have instructed UBS to then fast-track the auction’s binding bid stage
- Sarah Thompson, Kanika Sood and Emma Rapaport
AirTrunk’s owners set NBIO deadline for $15b sale
Bidders have been given until the end of May to submit first-round bids, in what will serve as an early gauge of AirTrunk’s much-touted $15 billion price tag.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Tasmea helps break IPO drought after spurning private equity
Stephen Young says he held out for the thawing of the IPO market rather than commit a “breach of faith” by selling to private equity buyers.
- Simon Evans
Barrenjoey pumps bidders for UniSuper’s stake in Aquasure
The desalination plant has predictable cash flows, thanks to its right to collect indexed revenues even if the government doesn’t order any water, a sales flyer says.
- Sarah Thompson, Kanika Sood and Emma Rapaport
DP World profit tumbles 34pc after wharfie strikes
The stevedores giant’s annual profits have slid following the dispute over new wage agreements and after container volumes fell, the company’s accounts show.
- Jenny Wiggins
- Exclusive
- Infrastructure
Plenary Group sells 49pc stake to sovereign wealth fund ADQ in $1b deal
Founders and some executives of the infrastructure investor will receive a windfall after getting a cash injection from the Abu Dhabi investment group.
- Jenny Wiggins
Seven Group says talk of Cleanaway buyout ‘completely untrue’
Shares in Australia’s largest waste collection company surged 15.8 per cent, to a two-year-high, after reports that the conglomerate was contemplating a bid.
- Simon Evans
NSW government must ‘consult’ before changing WestConnex
Transurban has confirmed that the state cannot alter the structure of WestConnex without permission from the toll road group, a hearing revealed.
- Jenny Wiggins
The country’s busiest airport still hasn’t hit pre-pandemic levels
High airfares and a reluctance by bosses to fork out money for business class seats are hurting demand for domestic flights, says the boss of Sydney Airport.
- Jenny Wiggins
AirTrunk suitors banker up as $15b sale gets under way; data room open
Street Talk understands DigitalBridge Group and IFM are in the process of engaging Barrenjoey, while Blackstone has Deutsche Bank and Morgan Stanley in its corner.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Meet the Aussie who built a Wall Street infrastructure giant
Stonepeak founder Mike Dorrell learnt the infrastructure game at Macquarie and Blackstone before striking out on his own. Now he’s readying for a new infrastructure boom.
- Updated
- James Thomson
Transurban’s WestConnex traffic jumps 10pc in a year
The first update from the motorway operator since the controversial Rozelle Interchange opened shows a surge in traffic in the 33-kilometre tunnel network.
- Jenny Wiggins
Trash talk: Macquarie-owned Bingo cops S&P downgrade
S&P expects Bingo’s debt to EBITDA ratio will remain above nine-times for this financial year and above seven-times in FY25.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Kerry Stokes’ Seven rains dividends to win over Boral
The independent directors of the cement group are now recommending shareholders accept the revamped $1.9 billion bid, with one-off dividends attached.
- Simon Evans
‘How did they get it so wrong?’: Rozelle interchange still a debacle
A proposal to slow down tolled traffic heading into the Sydney CBD was “taken off the table” in January, a NSW parliamentary inquiry has been told.
- Jenny Wiggins
Lindsay Fox’s Armaguard wants a bailout that isn’t called that
Linfox are “not beggars”, and Armaguard doesn’t want a cent, its leaders say. Hang on, what?
- Myriam Robin