Friday, 23 August 2019 Sydney
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Invest In Australia Blog::

  • INC Research Expands Its Clinical Trials Outsourcing Footprint and Expertise in Australia

    INC Research, LLC, a therapeutically focused contract research organization (CRO) with a trusted process for delivering reliable results, announced the acquisition of Trident Clinical Research to expand its clinical trials outsourcing footprint and expertise in Australia, New Zealand and India.

    Under the terms of the agreement, Trident will become a wholly owned affiliate of INC Research and will operate as Trident Clinical Research, an INC Research company through its offices in Sydney, Brisbane, Melbourne, Adelaide, Auckland and Mumbai. Trident’s operation in Mumbai will increase the reach of INC Research’s already sizeable clinical and data operations located in Gurgaon, India.

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  • TanzaniteOne to acquire an established Australian sapphire project

    TanzaniteOne Limited announced Thursday the continuation of its strategy to leverage its position as a leading premium colored gemstone producer to diversify its gemstone portfolio, by entering into an option to acquire an established Sapphire project.

    TanzaniteOne has entered into an option, for an upfront cash fee of AU$120,000 to acquire at its sole discretion, following necessary and appropriate due diligence, an unencumbered 100% ownership of the Project. Under the Option Agreement, TanzaniteOne has an exclusivity period for a minimum of three months and a maximum of six months to conduct its due diligence.

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  • BHP Billiton increases its stake in a Western Australian offshore exploration block

    BHP Billiton has increased its stake in a Western Australian offshore exploration block, pre-empting an earlier plan by Japan Australia LNG (MiMi).

    Tap Oil Limited had earlier announced on 4 May 2011 that it had agreed to sell its 25% interest in WA-351-P, offshore Carnarvon Basin, Western Australia, to Japan Australia LNG (MIMI) Pty Ltd for a cash consideration of US$30,154,000. In addition, MIMI were to pay Tap’s 20% share of the next exploration well in the permit up to a cap of US$10 million.

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  • Canada Pension Plan Investment Board acquires 50% of JV interest in Melbourne based Northland Shopping Centre

    The Canada Pension Plan Investment Board (CPPIB) announced Tuesday that it has acquired a 50% joint venture interest in Northland Shopping Centre (Northland) for a total equity commitment of A$455 million.

    Northland is a 92,380-square-metre (994,370-square-foot) super-regional shopping centre located in Melbourne, Victoria, Australia. The 50% interest in Northland is being acquired from the Gandel Group.

    Colonial First State Retail Property Trust (CFX), the largest Real Estate Investment Trust of fund manager of Colonial First State Global Asset Management (CFSGAM), holds the other 50% interest in Northland. CFSGAM will continue to manage the property.

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  • GMR Infrastructure keen on acquiring Australia’s Bandanna Energy's coal mines

    The Economic Times of India (ET) Tuesday reported that India’s GMR Infrastructure has joined the race to acquire Australia-based Bandanna Energy's coal mines. According to ET, a senior company official said the Indian firm is keen on acquiring the coal assets of the Australian firm as it seeks to reinforce its position.

    ET quoted the official reiterating that GMR Infrastructure has been shortlisted for the second round of bidding and would soon start due diligence. The Bangalore-based company will compete with the Aditya Birla Group's Essel Mining and JSW steel along with four Korean and Chinese companies, said the ET report.

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  • London based Millhouse Inc. acquires Australia’s the Alliance Capital Group

    London based Millhouse Inc. Plc has acquired Australia based Alliance Capital Group. Alliance Capital services business and consumer finance markets to customers that are having difficulty with mainstream bank financing. These include customers seeking residential mortgages, construction finance, car finance and business asset finance.

    A spokesman for Alliance said that the mainstream financiers, especially since the advent of the new Australian credit laws, are making it very difficult to access funds. People who would have been able to raise capital for basic needs are now not able to do so.

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  • Perth’s Blakiston & Crabb joins Gilbert + Tobin as one firm

    Perth based Blakiston & Crabb and Gilbert + Tobin have merged their operations.  Blakiston & Crabb is one of Perth’s leading law firms specializing in the Energy and Resources sector. Gilbert +Tobin Managing Partner Danny Gilbert welcomed the Blakiston & Crabb team saying it is a significant move that would benefit both firms.

    According to Gilbert, Blakiston & Crabb bring with them specialized partners in the Energy and Resources sector, one of the main drivers of Australia’s economic prosperity. The law firm is one of Western Australia’s leading firms which have been at the centre of that State’s resources boom for more than 25 years, he said.

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  • Mcjunkin Red Man Corp. to acquire Stainless Pipe and Fittings Australia Pty. Ltd.

    McJunkin Red Man Corporation (MRC) announced it is to acquire Stainless Pipe and Fittings Australia Pty Ltd (SPF), as part of its strategic vision to be the world’s premier pipe, valve and fitting (PVF) distribution company to the energy and industrial markets.

    Post the acquisition, SPF will operate as MRC SPF. The acquisition will enhance MRC’s global project capabilities. The transaction, which is expected to close by the end of June, is subject to customary closing conditions.

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  • FOXTEL in bid to acquire AUSTAR at a price of $1.52 per share

    FOXTEL Thursday confirmed that it has put a conditional proposal to AUSTAR, which, if implemented, would result in FOXTEL acquiring 100% of the shares in AUSTAR and the merger of the FOXTEL and AUSTAR businesses. The proposal by FOXTEL to acquire AUSTAR is at a price of $1.52 per share.

    A successful transaction would bring together two of Australia’s major subscription TV service providers, creating one of Australia’s largest media businesses with over 2,500 full-time equivalent employees and anticipated revenues of over $2.8 billion with a combined investment in original Australian content of more than $500 million per annum.

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  • NBC Universal International acquires majority stake in Matchbox Pictures

    Matchbox Pictures announced that NBC Universal International is to make a capital investment in the company, one of Australia’s most innovative independent production companies.

    The announcement was made by Michael Edelstein, President, NBC Universal International Television Production, in conjunction with Matchbox’s founders Tony Ayres, Helen Bowden, Penny Chapman, Michael McMahon, and Helen Panckhurst.

    NBC Universal International Television Production will invest in Matchbox Pictures and provide a global distribution network for their content outside of Australia and New Zealand. It is NBC Universal’s first investment in a production company outside of the UK and adds to its growing portfolio of international production assets.

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