Ambar Warrick

Japan plans sovereign debt fund to finance US infrastructure

The move is seen as a bid to improve economic relations with Washington while putting excess capital to better use.

Australia’s Nine Entertainment to buy Fairfax Media in $1.6b deal

The deal will create a media behemoth spanning print, TV, radio and a streaming business.

Capio rejects $771m takeover bid from Australia’s Ramsay french unit

Capio rejected the bid saying the offer undervalued its business.

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.