Tuesday, 21 May 2019 Sydney

Invest In Australia Blog::

  • Australian Farmers hopeful of bilateral deal with South Korea, potentially earns Australia A$800 million

    In a deal that could earn them A$800 million in the long term, Australian farmers are hoping their Trade Minister will reach a bilateral agreement with South Korea to secure the future of Australian agricultural exports into the country. Craig Emerson, Australia’s Trade Minister is expected to sign a bilateral agreement with South Korea that could potentially earn Australia A$800 million in a period of 20 years.

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  • Royal Bank of Scotland (RBS) forecasts for Australian firms, Australia is poised for a pickup in mergers and acquisitions in next 6 to 18 months

    The Royal Bank of Scotland established in a report that Australian firms that have a sum net worth of A$45.6 billion are increasingly getting takeover offers as the food and energy shortage bites globally. Royal Bank of Scotland Group Plc said that Australian companies worth a combined A$45.6 billion including Whitehaven Coal Limited have become takeover targets in the face of a global food and energy shortage.

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  • AMP not keen on AXA Asia Pacific takeover

    As executives at National Australia Bank ponder their losses after their bid was rejected for the AXA Asia Pacific takeover deal, AMP has yet send the strongest indication that it is not entirely focused on the AXA bid. In the mean time, senior executives at both institutions, the National Australia Bank and AXA Asia Pacific are frustrated at the failure of the NAB bid.

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  • Santa Fe in binding agreement for ASX listed firm Wridgways Australia Ltd takeover

    Santa Fe is planning to increase its revenue to enable it turn into one of the market leading industry majors in the fast developing economies. In that spirit, the firm has gone into a binding agreement for the takeover of Wridgways Australia Ltd as it seeks to create a robust platform to enable it undertake continued growth. The binding agreement will see Santa Fe acquire the entire Australian firm’s shares at an estimated A$2.80 for every share. The deal has already secured the support of Wridgways board of directors.

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  • National Australia Bank (NAB) Ltd is open to acquisitions in Britain

    The National Australia Bank Ltd (NAB) is open to potential British acquisitions. The revelation comes amidst the lender’s move to drop its $13.3 billion offer for Asia Pacific Holdings, the wealth manager. NAB’s offer was rejected by regulators for the second time, dashing its efforts to cement its lead in the world's fourth-largest wealth management market. NAB’s chief of UK operations, Lynne Peacock told the Australian Financial Review the bank’s prospects look great in the UK.

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  • South Africa based investment bank Investec to make Australian investments, reports

    In an effort to build its asset management business in Australia, South Africa based Investec is mulling acquisition investments in the country. Speaking to Reuters Thursday, Investec’s chief said the firm might be considering acquisitions to bolster its Australian offering. The South Africa based investment bank and fund manager has other global operations in the UK. Recently, Investec cut down on its dependence on lending by boosting its fund operations.

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  • Australian firm Origin Energy to study building a hydro project in Papua New Guinea

    Australian firm, Origin Energy Ltd, has agreed to study construction of a hydro project in Papua New Guinea to supplement Australia’s national power supply. The move is geared at enabling Australia achieve its carbon emissions reduction targets. The Hydro project will directly feed into the Australian national power grid. The project is expected to be a 1,800 megawatt producing facility and will involve substantial monetary investments.

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  • US based mining firm Peabody Energy to double its Australian operations through growth and acquisitions

    In a move targeted at enabling it double its Australian operations and increase its foothold in the region, US based mining firm, Peabody Energy reported that it is mulling increased investments in Australia. Peabody Energy said it is keen on doubling its Australian investments through growth in its own operations and additional acquisitions in the country, said its Australian chief executive.

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  • Watpac Limited expands into new markets with establishment of a construction business in South Australia

    Australian firm, Watpac Limited announced Monday that it is mulling a venture into new markets in South Australia and will be establishing a new business in the region. The firm, renowned for major construction undertakings, reported that it is embarking on a quest for expansion and will launch Watpac Construction (SA) Pty Ltd. The firm said the move is aimed at expanding its highly successful Construction business into South Australia and the new unit is a vehicle for the undertaking.

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  • Air New Zealand and Virgin Blue denied permission to merge their trans-Tasman services by the Australian competition watchdog

    In a move that comes as a disappointment to Air New Zealand and Australia’s Virgin Blue’s plans, the Australian Competition and Consumer Commission (ACCC) rejected the two companies’ plans to merge their trans-Tasman services. The Australian competition watchdog issued a draft resolve reiterating the rejection of the planned alliance on all flights between Australia and New Zealand.

    The two airline firms were planning to synchronize their fares, revenue management, schedules, capacity and routes flown if the merger plans had been allowed. Currently, the Australian airline firm, Virgin Blue flies as Pacific Blue on the Tasman and has commenced plans to pull out of the New Zealand domestic market beginning October.

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