Investors key to AMP’s future
UniSuper, Victorian Funds Management Corporation and Treasury Corp are believed to hold the cards for the future of AMP’s $7bn wholesale office fund.
UniSuper, Victorian Funds Management Corporation and Treasury Corp are believed to hold the cards for the future of AMP’s $7bn wholesale office fund.
Parties are expected to find out on Monday whether they have made it through to round two to buy Blackstone’s Milestone Logistics Group.
IPO-bound flower company Lynch Group is expected to be worth between $572m and $729m including debt, analysts say.
Genworth Financial’s sale of 52pc of its local mortgage insurer is understood to be because of a need for more funds following the collapse of a takeover plan.
It appears Latitude Financial is moving further towards an initial public offering.
Genworth Financial is selling its its interest in local mortgage insurer Genworth Mortgage Insurance Australia.
Deal activity is believed to be afoot in the food and beverage sector, with two producers of white label products thought to be potentially for sale.
Allegro Funds Management is understood to have tapped McGrath Nicol as its adviser in the race to buy the Global Express unit of Toll Holdings.
Mergers and acquisition activity in real estate has thrown the spotlight on property investment managers.
Property Exchange Australia shareholder Morgan Stanley Infrastructure is expected to offload its interest in the business when it heads to the market.
Kin Group is understood to have withdrawn its Paradise biscuit company from the market.
Bidders for Blackstone’s $3.5bn Milestone Logistics Group are expected to find out if they have made the shortlist in the contest by early next week.
Speculation is mounting that AMP is selling only the infrastructure funds management component of its AMP Capital business to Ares Management.
The sales process for Westpac’s $11 billion auto loan portfolio could involve a break-up of the business, where parts are sold to various bidders.
Bingo Industries appears to be moving increasingly down the privatisation route.
Australian women’s fashion label Blue Illusion is believed to have been placed on the market.
There was some talk in the market this week that Uniti Group may have caught the eye of an eager buyer.
Woolworths expected to focus on plans for its hotels and liquor business, Endeavour Group.
The share price of the Tilt Renewables has been drifting lower in recent days.
Greenhill investment banker Jon Gidney has been hired by investment bank Citi as its vice chairman and head of financial institutions for Australia and New Zealand.
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