NewsBite

Watpac

October 2020

Workers were largely confined to the sheds at Watpac's Natura residential project in Macquarie Park.

ABCC investigating Probuild, Watpac shutdowns

The building industry watchdog is investigating the CFMEU's disruption of five major Sydney building sites over safety issues in the past week as union bargaining heats up.

  • David Marin-Guzman
Watpac CEO Jean-Pol Bouharmont.

Watpac sites shut in CFMEU safety blitz

Watpac has had Sydney projects shut down for the past three days over union safety concerns but industry fears it is part of a campaign to pressure the builder to sign up to big pay rises.

  • Jemima Whyte and David Marin-Guzman
The CFMEU is "using the subcontractor sector to control the industry", builders have warned.

CFMEU subcontractor push 'threatens project delays, costs'

The CFMEU is using the subcontracting sector in NSW to bring in a controversial new rostered-days-off calendar that will shut down state projects, industry warns.

  • David Marin-Guzman

September 2020

BESIX Watpac CEO Jean-Pol Bourharmont wants to see more infrastructure projects being developed, especially in Queensland.

Build infrastructure to keep jobs, says BESIX Watpac

The Brisbane-based contractor wants goverments to push ahead with new infrastructure projects so it can keep staff on the books.

  • Jenny Wiggins

May 2020

Watpac CEO Jean-Pol Bouharmont says multi-billion dollar projects should be broken up.

Break up project tenders to stop cost blowouts: Watpac CEO

Watpac, now owned by Belgium's BESIX, wants a bigger slice of the infrastructure pie.

  • Jenny Wiggins
Advertisement

January 2020

The CFMEU said the notion of making employees a product for marketing purposes was "repugnant".

Fair Work to rule in worker privacy case involving swipe-in app

The CFMEU says workers should be allowed to refuse to use an employer's sign-in system when the data can be used for marketing purposes.

  • David Marin-Guzman

November 2019

Victoria's Housing and Planning Minister Richard Wynne.

Victoria to kickstart commercial build-to-rent

State government tenders for redevelopment of public housing that would also allow commercial BTR on leased land.

  • Michael Bleby

April 2019

Martin Monro with Besix CEO Rik Vandenberghe in Melbourne in February

Martin Monro departs Watpac to make way for Lendlease's Ben O'Rourke

Mr Monro, who has been with Watpac for 15 years – seven of them as chief executive – will resign in June to pursue other opportunities.

  • Larry Schlesinger

December 2018

McAleese financier stalks Watpac civil and mining unit

A special situations firm that was involved in the recapitalisation of trucking business McAleese is believed to be in talks to acquire ASX-listed Watpac's mining services unit.

  • Sarah Thompson and Anthony Macdonald

November 2018

Watpac directors slammed by Sandon Capital for recommending Besix offer

Activist investor Sandon Capital has slammed the board of listed construction firm Watpac for recommending shareholders sell to Belgian firm BESIX at 92c a share.

  • Updated
  • Larry Schlesinger

October 2018

Belgium's Besix relaunches Watpac takeover bid

Belgian construction giant Besix has renewed its bid to get control of Watpac with a $169 million off-market offer.

  • Updated
  • Nick Lenaghan

Besix comes back for Watpac, gets board approved takeover

Belgium construction company Besix has made a fresh takeover bid for Australian listed real estate company Watpac.

  • Sarah Thompson and Anthony Macdonald

July 2018

Watpac digs up offer for struggling mining unit

Three months after putting its struggling mining business on the chopping block Watpac may be getting some traction.

  • Updated
  • Sarah Thompson and Anthony Macdonald

June 2018

Shareholders say no: Besix takeover of Watpac voted down

Activist investor Sandon Capital will agitate for boardroom changes at Watpac, after Belgian construction giant Besix failed in its bid to secure two-thirds ownership.

  • Updated
  • Larry Schlesinger

One fund likely to decide Watpac's fate

It's down to the wire for Belgium's BESIX and its proportional takeover bid for ASX-listed construction company Watpac.

  • Updated
  • Sarah Thompson, Anthony Macdonald and Julie-anne Sprague
Advertisement

Knife edge vote: Besix to sell out entirely from Watpac if takeover fails

Watpac suitor Besix has warned it will sell out entirely from the ASX-lister builder if shareholders don't vote in favour of its two-thirds takeover.

  • Updated
  • Larry Schlesinger

May 2018

Besix chief executive rules out higher bid for Watpac

Belgian giant BESIX is unlikely to sweeten its Watpac offer and may walk away if its proportional takeover fails, chief executive Rick Vandenberghe says.

  • Updated
  • Larry Schlesinger

March 2018

Mr Radzyminski said shareholders would be better served if Watpac returned $35 million in excess capital to shareholders and looked to sell its mining services business.

Watpac-BESIX deal not good value for shareholders: Sandon

Belgium construction giant BESIX's proposals to take control of Watpac is facing opposition from activist investor Sandon Capital.

  • Updated
  • Larry Schlesinger

February 2018

Belgium's BESIX to acquire further 36 per cent of Watpac for $61m

Belgium construction giant BESIX has struck a deal to take its ownership of Watpac to 64 per cent.

  • Updated
  • Larry Schlesinger

Luminis, law firms help stitch up Watpac deal

Belgian property developer BESIX is seeking to more than double its stake in ASX-listed Watpac via a proportional takeover offer.

  • Updated
  • Sarah Thompson, Anthony Macdonald and Joyce Moullakis

Original URL: https://www.afr.com/company/wtp-1nd