Search Results for:Ambar Warrick

Australia’s Atlas Iron receives $290m offer from Hancock Prospecting unit

The offer potentially sets off a three-way struggle for the iron ore miner.

ANZ sells New Zealand life insurance arm to Cigna Corp for $482.4m

The transaction marks ANZ’ second disposal this month, after it sold a majority stake in a Cambodian joint venture to Japan’s J Trust.

Commonwealth Bank of Australia exits China insurer with $503m stake sale to Mitsui

The deal follows a similar trend among major Australian banks to trim their capital requirements, with peer Australia and New Zealand Banking Group exiting a Cambodian joint venture earlier this month.

Australia’s Healthscope rejects Brookfield, BGH Capital takeover offers

Stating that both offers undervalue the company, Healthscope now plans to conduct a strategic review of its hospital property portfolio. It said it would look at the merits of a sale and leaseback transaction to unlock value for shareholders.

Australia’s Mineral Resources to sell 49% stake in lithium project

Macquarie Capital (Australia) and law firm Gilbert and Tobin have been appointed to assist with the sale.

Rio Tinto to sell 75% Queensland coal asset stake to Whitehaven for $200m

Rio is also in the process of selling its remaining Australian coal asset – a stake in the Kestrel underground mine.

Mitsubishi Corp considers raising stake in Mitsubishi Motors via tender offer

The deal could be worth about $1.1 billion, the Nikkei newspaper reported.

ANZ not selling finance unit to HNA after New Zealand blocks deal

HNA had agreed to buy the vehicle finance unit – New Zealand’s largest non-bank lender – for $460 million early last year.

Australia: Lendlease sells retirement living stake to Dutch fund manager APG Asset Management

Lendlease also announced a joint venture with Japan’s Softbank to develop and own telecom infrastructure assets in the United States, with the partners committing $200 million equity each.