Wednesday, 23 October 2019 Sydney

Invest In Australia Blog::

  • Best new Aussie ICT technology talent announced for Tech 23

    Acting NSW Premier Andrew Stoner Monday announced the 23 successful local ICT companies that will participate in next month’s Tech23 innovation event in Sydney.


    Tech23 is a competition that gives 23 of the best young, innovative and fast-growing Australian technology companies the chance to showcase to over 400 potential investors, mentors, entrepreneurs, and customers.


    Mr Stoner said the 23 successful applicants had been chosen from more than 150 submissions from Australia's most innovative ICT companies.


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  • Tasmania North-west coast prospects beefed up by expansion

    A Tasmanian beef processing company in Smithton has created 17 new jobs for the region through building improvements partly funded by a $1.1 million grant from the Australian and Tasmanian Labor governments.


    Greenham Tasmania received the grant through the $17 million North West and Northern Tasmania Innovation and Investment Fund (NWNTIIF), which was jointly established by the governments in 2009 in response to factory closures in the region.


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  • HiFX and EFIC announce foreign exchange facility guarantee to assist exporters in managing volatility in currency markets

    Specialist currency services provider, HiFX, today announced a foreign exchange guarantee agreement with the Export Finance and Insurance Corporation (EFIC), with the aim of helping to give Australian exporters greater control in managing their exposure to volatile currency markets.

    With the use of the guarantee from EFIC, the Australian Government’s export credit agency, HiFX can provide eligible exporters with higher limits for foreign exchange hedging, one of the most common ways exporters manage foreign exchange risk. Businesses will not have to provide additional security to access the guarantee.

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  • Santos acquires 100% of Eastern Star Gas

    Santos announced Monday that it has reached binding agreements to give effect to the acquisition of 100% of the outstanding ordinary shares in Eastern Star Gas Limited (ESG) and the subsequent sale of a 20% working level interest in ESG’s permits in the Gunnedah Basin, northern New South Wales, for A$284 million to TRUenergy Holdings Pty Ltd (TRUenergy).

    Pursuant to these transactions, Santos will assume operatorship and own 80% of ESG’s coal seam gas (CSG) permits with TRUenergy owning the remaining 20%. The acquisition of ESG will be conducted via a recommended Scheme of Arrangement (Scheme) under which ESG shareholders will receive 0.06803 Santos shares for every 1 ESG share held.

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  • Lasalle to Acquire Brisbane Based Australian Property Funds Management Business

    LaSalle Investment Management, a leading global real estate investment manager, Friday announced that it has entered into a definitive agreement with Trinity Group and Clarence Property Corporation to acquire Trinity Funds Management (TFM) for AU$9.25 million, plus the net assets of the business.
    There are a number of customary conditions to be met before closing, which is anticipated to be on or around 1 August 2011.

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  • Peabody Energy and ArcelorMittal SA Submit Proposal to Acquire Macarthur Coal

    Peabody Energy and ArcelorMittal SA Thursday confirmed that they have jointly submitted an indicative proposal to the board of directors of Macarthur Coal Ltd to acquire all of the shares of the company.
    Under the proposal by a newly formed company, owned 60 percent by Peabody and 40 percent by ArcelorMittal, Macarthur shareholders would be offered a cash price of A$15.50 per share through an off-market takeover offer. The new company has a relevant interest of approximately 16 percent in Macarthur's shares.
    The proposal price implies a value for the equity in Macarthur of approximately A$4.7 billion and represents a substantial premium to recent trading.

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  • Trican Well Service acquires Viking Energy Pty Ltd and its subsidiaries

    Trican Well Service Ltd announced that it has purchased Viking Energy Pty Ltd and its subsidiaries (collectively "Viking Energy"). Viking Energy is a privately-owned enterprise based in Brisbane, Queensland and provides cementing and environmental services in Eastern Australia.

    Under the terms of the purchase, Trican acquired 100% of the shares and units of Viking Energy through its wholly-owned Australian subsidiary. With an operating base in Roma, Queensland, Viking Energy operates 4 cement pumpers, along with associated ancillary equipment and fluid logistics equipment.

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  • New South Wales Premier to lead trade mission to China

    NSW Premier Barry O’Farrell will lead a senior trade delegation to China next week to promote trade and investment to the State.


    Departing on Saturday, the six-day mission to Beijing, Shanghai, Guangzhou and Hong Kong fulfils an election commitment to lead a delegation to China within six months of assuming office.


    “The fact that this is my first overseas visit as Premier underlines the significance my Government places on our relationship with China,” Mr O’Farrell said.


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  • Prime Minister Julia Gillard announced Australia’s Clean Energy Future

    Clean Energy Future – announced by Prime Minister Julia Gillard on 10 July - is part of a long term plan to reshape Australia’s economy, cut carbon pollution, drive innovation, and help avoid the increased costs of delaying action on climate change.


    The comprehensive plan includes:


    - Putting a price on carbon pollution

    - Promoting innovation and investment in renewable energy

    - Improving energy efficiency

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  • ATCO to Acquire Western Australia Gas Networks

    ATCO announced that it has signed a conditional agreement to acquire Western Australia Gas Networks (WAGN) from WestNet Infrastructure Group. WAGN is the natural gas distribution utility company that serves the City of Perth and surrounding areas.

    Nancy Southern, President & Chief Executive Officer, ATCO Group, noted that in April 2010, ATCO’s Board of Directors approved an Australian growth strategy modeled after ATCO’s existing Canadian enterprise of diverse yet complementary businesses.

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