Austal’s South Korean suitors are in the midst of a stealth charm offensive that’s expected to hit both coasts.
Eagle eyes spotted a contingent of Hanwha Group representatives taking in the view of Swan River from Cooee cafe. Upstairs, sources said the defence and aerospace conglomerate met with Andrew Forrest’s Tattarang, a major shareholder of its takeover target Austal. We imagine the conversation moved beyond Perth’s latest hot spell.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
