Atlas Arteria Group
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Cochlear rejects ACCC’s concerns over Oticon Medical acquisition, Santos loses Barossa offshore drilling appeal and Beach Energy submits counterproposal
Australia’s competition watchdog, the Australian Competition and Consumer Commission (ACCC) declared it has “significant preliminary competition concerns” regarding Cochlear’s (ASX: COH) proposed $170 million acquisition of Oticon Medical. Cochlear and Oticon Medical manufacture and distribute non-surgical bone conduction devices, surgical bone anchored devices, and cochlear implant hearing devices. The ACCC released a statement fearing the […]
Coles sells petrol stations to Viva Energy, FMG pledges $6.2b to go green and OZ Minerals invests in West Musgrave project
Australian retail giant Coles Group (ASX: COL) has announced it will sell its 710 Coles Express fuel sites to Viva Energy Group (ASX: VEA) to prioritise the group’s supermarket and liquor business moving forward. Viva Energy will assume ownership, as well as controlling and operating responsibilities of the petrol stations across the nation. As per […]
Atlas Arteria acquires Chicago Skyway stake, KKR-led takeover of Ramsay collapses and Lynas faces water shortage
Toll road operator Atlas Arteria (ASX: ALX) will acquire a 66.7% stake in the Chicago Skyway in Illinois for US$2 billion (A$2.9 billion). Atlas Arteria confirmed the acquisition along with details of an equity raise to come “in due course,” which will go towards funding the deal. Experts believe the Chicago Skyway has 81 years […]
Westpac cuts lending to coal, oil and gas companies, Rio Tinto strikes landmark deal and PolyNovo appoints CEO
Australian banking giant Westpac (ASX: WBC) has announced plans to cut its lending to coal, oil and gas companies by nearly a quarter by 2030 in an effort to cut emissions. The move follows National Australia Bank’s (ASX: NAB) intentions to implement a $2.4 billion cap on lending to oil and gas companies and the […]