Based on its earnings, Velocity could be valued at around A$2 billion ($1.4 billion).
The nation’s anti-trust regulator blocked the $10 billion merger of TPG and Vodafone Group Plc citing competition concerns
Wesfarmers, which last year spun off supermarket group Coles and sold down its coal assets, is seeking to diversify away from retail.
The deal - recommended by the Dulux board - is the latest in a slew of Japanese acquisitions in Australia.
Brambles will sell the unit to two wholly-owned subsidiaries of the Abu Dhabi Investment Authority, and expects to complete the deal in the second qua
Blackstone quit the battle for Investa Office Fund after it was gazumped by Canadian landlord Oxford Properties Group’s $2.4 billion bid.
The bid from a consortium led by fledgling private equity firm BGH Capital Pty Ltd, pension fund AustralianSuper and Navitas co-founder and top shareh
The farms, which formed the majority of Hassad Food's Australian holdings, will be transferred to Macquarie Infrastructure and Real Assets (MIRA) and
The consortium also includes Abu Dhabi sovereign wealth fund Tawreed Investments and local fund AustralianSuper.
TPG and Vodafone Group PLC's local venture said in separate statements they had engaged in "exploratory" talks
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