Wednesday, 22 May 2019 Sydney
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Invest In Australia Blog::

  • Australian regulators approve NZ Based Vital Healthcare’s $160 million purchase of twelve Australian medical related buildings

    New Zealand based Vital Healthcare Thursday got approval for its purchase of Australian medical related buildings. In an announcement, Vital Healthcare said its $160 million purchase of twelve Australian medical related buildings had been approved. Investors of Essential Healthcare Trust in Australia voted in favor of selling its assets to the New Zealand listed Vital Healthcare.

    The properties are 99.9 per cent occupied and have an average lease term of 15.4 years. The properties include 258-bed Allamanda Private Hospital and day surgery Allamanda Surgicentre on the Gold Coast, 101-bed Lingard Private Hospital n Newcastle, 60 bed Maitland Private Hospital, 78-bed psychiatric hospital Palm Beach Currumbin clinic.

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  • Australia to reconsider overseas investment in its farms amidst concerns over foreign ownership and food security

    The Australian government is to reconsider the level of overseas investment in its farms as concerns pick up over foreign ownership and food security. Australia is currently the world’s largest wool shipper and the second biggest dairy and beef exporter. The government is to study the level of overseas investment in its farms amid concern over foreign ownership and food security.

     

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  • Irish food processing giant Kerry Group buys Australian frozen bakery business of US based General Mills

    Irish food processing giant Kerry Group purchased the Australia operations of the world’s foremost firm in food ingredients and flavors, General Mills. The Irish firm announced it had acquired the frozen bakery business from General Mills for an undisclosed sum. However, valuations believed the sum to be in excess of €20m.

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  • London Stock Exchange listed Optos plc buys entire issued share capital of Adelaide based Opto Global Holdings

    Optos Plc, listed on the London Stock Exchange and one of the global foremost firms in medical retinal imaging Tuesday announced it had proposed the acquisition of Australia’s Opto Global Holdings Pty Ltd. Under the proposal, Optos plc has proposed the acquisition of the entire issued share capital of Opto Global Holdings Pty Ltd, an ophthalmic device company based in Adelaide, South Australia, for up to US$14.75 million.

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  • UAE’s national carrier Etihad Airways and Virgin Blue Holdings Ltd to further expand their alliance

    Etihad Airways and Virgin Blue Holdings Ltd are planning to expand their alliance. Etihad Airways is the UAE’s national carrier while Virgin Blue Holdings Ltd is Australia’s second-largest airline. According to reports regarding the planned expansion, the two firms may increase their business in aspects such as purchasing, engineering support and aircraft acquisitions as the airlines try to cut costs.

    The plans were revealed in an interview by The Australian newspaper, with Etihad’s Chief Executive Officer James Hogan and Virgin Blue Chief Executive Officer John Borghetti. According to the report the carriers plan to build a joint lounge at Sydney Airport.

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  • World’s largest mining firm BHP Billiton Ltd mulls possible merger with Woodside Petroleum Ltd

    The world’s largest mining firm BHP Billiton Ltd may go for a possible merger with Australia’s Woodside Petroleum Ltd. The reports come in the wake of BHP’s scrapping of its offer for Canadian firm Potash Corp. BHP had offered $40 billion for the Canadian firm. Whereas BHP could easily swallow Woodside in a takeover given its financial might, analysts believe the merger may present a better alternative for the firm.

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  • Australia’s competition watchdog ACCC stops Pick n Pay sale of supermarket

    Australia’s competition watchdog stopped Pick n Pay’s PIKJ.J sale of Franklins supermarket chain, citing a need to avoid the creation of a monopoly for would be buyer Metcash MTS. The Australian Competition and Consumer Commission (ACCC) noted that the A$215 million ($210 million) sale of the chain would give Metcash domination on grocery wholesaling in New South Wales.

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  • Dairy processor Murray Goulburn still keen on merger with rival Warrnambool Cheese and Butter

    Australian Dairy processor Murray Goulburn has indicated that it is still interested in a merger with its industry rival. Murray Goulburn said it will sustain its interest with offers, despite the move having been turned down by the rival severally. The two dairy processors both purchase their milk supplies from south east South Australian dairy farmers/producers.

     

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  • Oil India Ltd studying small assets in Australia and Other places

    Indian state owned oil and gas major, Oil India Ltd is reportedly prospecting small assets in Australia, South America and Africa. The move is aimed at securing supplies for India’s rapidly expanding economy. Oil India Ltd is competing with other global oil majors for acquisitions.

    Oil India Ltd Finance Director T.K. Ananth Kumar said the firm is looking for small and medium-size assets in the range of $1 billion or less and not multibillion ones. Kumar reiterated that the firm’s competitors such as the Chinese and South Koreans won’t be interested in these smaller assets.

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  • Japan based Nikko Asset Management Co. acquires Tyndall Investments from Suncorp Group

    Nikko Asset Management Tuesday announced it is acquiring Tyndall Investments from the Suncorp Group. Tyndall Investments is one of Australia’s foremost fund management companies. Nikko will undertake the purchase for an estimated $80 million. Suncorp is one of Australia and New Zealand's largest financial services organizations. Tyndall manages Australian and New Zealand investment funds with $25 billion in assets under management.

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