Tag: Foreign Investment Review Board
Austal declines unsolicited Hanwha offer, citing regulatory obstacles
Austal Limited has confirmed the reception of an unsolicited, conditional, and non-binding indicative proposal from Hanwha Ocean Co, Ltd (Hanwha) to acquire Austal through a scheme of arrangement.
FIBR okays Mengniu’s move to acquire Bellamy’s
The Foreign Investment Review Board (FIRB) has announced that it would not stand in the way of the proposed transaction that will see Chinese...
Nippon Paint set to acquire Australian paint manufacturer DuluxGroup
The Foreign Investment Review Board (FIRB) has given the nod for a multi-billion transaction that will see Nippon Paint acquire Australian paint manufacturer DuluxGroup Limited.
DuluxGroup,...
ACCC okays Saputo-Murray Goulburn deal
The ACCC announced that it will not stand in the way of Saputo's proposed acquisition of Murray Goulburn’s assets, after accepting a court-enforceable undertaking...
URC set to buy Snack Brands Australia
Philippine snacks and beverage manufacturer Universal Robina Corp (URC) has agreed to buy Snack Brands Australia, the country’s second largest salty snacks maker.
URC has...
Universal Robina Corporation set to acquire Australia’s second largest salty snacks maker
Philippines food company Universal Robina Corporation (URC) has agreed to acquire Snack Brands Australia for $600 million.
URC, which has a significant and growing presence...
ACCC okays Shell’s acquisition of BG
Shell’s proposed takeover of Britain’s BG Group is inching closer to completion after Australia’s Competition and Consumer Commission (ACCC) determined that the deal would...
Treasurer Hockey greenlights John Holland sale to Chinese CCCC
Treasurer Joe Hockey has approved the sale of Australian construction company John Holland to CCCC International Holding Limited, a wholly-owned subsidiary of China Communications...
Parmalat acquires Longwarry Food Park
Parmalat Australia, a subsidiary of Parmalat S.p.A., has announced the acquisition of Longwarry Food Park, an Australian company which operates in the state of...
Wilmar’s $1.3b takeover bid not dead despite Goodman Fielder’s $405m loss
Singaporean food giant Wilmar Holdings and bid partner First Pacific are expected to proceed with a $1.3 billion takeover of Australia’s leading food company...
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The future of sports manufacturing: Inside M2M Group’s AI-powered strategy
As the sports manufacturing industry evolves, artificial intelligence (AI) is emerging as a critical catalyst for innovation and efficiency.
