Today
- Updated
- Street Talk
Nauru Airlines flies in for a look at collapsed Air Vanuatu
The national carrier of Vanuatu collapsed into liquidation on Friday. Fiji Airways has already expressed interest in acquiring whatever is left of the airline.
- Updated
- Sarah Thompson, Kanika Sood and Emma Rapaport
Anglo American wants a single buyer for its Australian coal division
The London-listed diversified miner this week unveiled a major divestment plan designed partly to keep a $64.4 billion buyout proposal from BHP from succeeding.
- Peter Ker
The Aussie stock picks that made this fund a top 10
Platypus Asset Management’s Prasad Patkar names Reece among the $5 billion money manager’s key investment calls. But he’s wary of BHP’s big M&A bet.
- Sarah Jones
Incitec Pivot blames gas prices for $498m fertiliser write-down
But the company said it could double returns if it sold those struggling operations to Indonesia’s PT Pupuk Kalimantan Timur and focused only on explosives.
- Simon Evans
Big four, Japanese banks circle GPG Renewables’ $1.6b refinancing
Sources said GPG is in advanced discussions with several banks to come in on a $1.1 billion refinancing of its existing facilities.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Conscious IM bankrolls agricultural acquisition for carbon credits
Under the deal, Conscious has chipped in 100 per cent of the acquisition price as debt for Greening Australia to sole ownership of the property dubbed Dixieland.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Yesterday
- Opinion
- Chanticleer
Queensland in secret bid to buy stricken coal-fired power plant
It’s three years since Queensland power station Callide C blew up, and the fallout hasn’t stopped. Now, a secret deal for the government to buy a 50 per cent stake is in doubt.
- Anthony Macdonald
- Opinion
- Chanticleer
Why BHP’s hopes of buying Anglo American are fading fast
BHP boss Mike Henry has taken his takeover pitch directly to Anglo American investors. But the hurdles to this bid are multiplying, and time is running out.
- Updated
- James Thomson
Puljich family sells eight land-lease assets; Highbury on ticket
Street Talk understands Living Gems has struck a deal to sell eight land-lease communities to Avid Property Group, which owns a portfolio of 45 developments.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Rio chief ‘not afraid’ of M&A as Anglo break-up looms
Jakob Stausholm won’t rule out entering the acquisition fray, but told investors he doesn’t want big transactions to derail his recovery mission at the miner.
- Peter Ker
Aluminium losses hit CSR ahead of Saint-Gobain $4.3b buyout
Shareholders will vote next month on the bid from Saint-Gobain, which must wrestle with a loss-making aluminium business hit hard by high energy costs.
- Simon Evans
- Updated
- BHP Group
BHP says Anglo American demerger plan vindicates takeover structure
The London-listed miner will sell or shut assets except those producing copper, iron ore and crop nutrients as it hopes to see off its Australian suitor.
- Updated
- Peter Ker
MYOB’s Slate Super sale in the offing
Street Talk understands the Flare HR-controlled fund, which put its exit plans into gear in 2022, has turned the process over to the trustee.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
- Opinion
- Chanticleer
Anglo American shapes up for $64b fight with BHP
Anglo American has pulled out a takeover defence with the works. Now, it has to convince shareholders not to side with BHP.
- Anthony Macdonald
Karoon Energy finds sell-side backers ahead of pivotal AGM
Barrenjoey energy and utilities analyst Dale Koenders has voiced support for continued growth via M&A in a note seen by Street Talk.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Anglo American puts plan B into action after rejecting BHP’s bid
Anglo American boss Duncan Wanblad is understood to be warming up to present a strategy update to the mining group’s shareholders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Eyes on Transgrid as super funds bail out of $8b infra fund UTA
Sources say Aware Super has hired Campbell Lutyens, a specialist in moving illiquid investments for institutional investors, to shop a $600 million stake.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
BHP turns Anglo pursuit into $64b chess game
BHP has bid against itself and disclosed it, in an effort to put pressure on the London-listed miner. The next move is Anglo’s, and only hours away.
- Updated
- Anthony Macdonald
France’s Engie powers up for partner search at Victorian solar farm
Engie has shortlisted a blue-chip lender lineup, including ANZ Group, BNP Paribas and Deutsche Bank, to stump up Goorambat’s debt financing.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Anglo American rejects second, higher BHP takeover offer
BHP chief executive Mike Henry said he was disappointed that directors of the London-listed miner had not been willing to enter into further discussions.
- Peter Ker
