Today
IFM snares $3b deal for European mega-airport
The Australian investment manager shrugs off Europe’s infrastructure blues, teaming up with France’s Vinci to win a Polish tender worth as much as $3 billion.
- Hans van Leeuwen
This Month
France’s Vinci test drives banks for EastLink tilt; Transurban digs in
Paris-headquartered concessions player Vinci Group has begun meeting with investment banks for a potential buy-side mandate.
- Sarah Thompson, Kanika Sood and Emma Rapaport
MacCap flies into sell-side lineup at Queensland Airports; 74pc for sale
Potential investors are being told to expect flyers as early as Tuesday.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Funerals group Propel says buyout offers too cheap
Australia’s No.2 funerals group, Propel Funeral Partners, has received ‘multiple’ buyout proposals but none have been compelling enough to start talks with suitors.
- Updated
- Simon Evans
- Exclusive
- Construction
Greenwash clash as funds hit Boral board over lowered carbon targets
A group of funds led by HESTA and AMP are demanding Boral reinstate its 2030 emissions reduction target. Boral says that would be akin to greenwashing.
- Hannah Wootton
New Transurban boss Michelle Jablko wants to reward drivers
The CEO plans to offer incentives such as car hire and car wash discounts for users of the toll road group’s Linkt accounts to encourage motorists to keep paying for its roads.
- Jenny Wiggins
Former VicTrack boss breached code of conduct: auditor-general
The former head of Victoria’s rail agency, Campbell Rose, suggested that a government joint venture should give him an equity stake.
- Jenny Wiggins and Gus McCubbing
- Sponsored
- Schneider Electric
Smart, green buildings can help construct net zero future
Soaring energy costs have focused the minds of the nation’s captains of industry on the urgent need to decarbonise their bricks-and-mortar empires, new research has revealed.
Sponsored
by Schneider Electric
Cocoon Data hires MA Moelis to sell secure-file-sharing business
Fliers landed in the inboxes of prospective buyers, with initial non-binding indicative offers expected early next month.
- Sarah Thompson, Kanika Sood and Emma Rapaport
UniSuper buys former Gunns timber plantation in Tasmania
The superannuation giant, along with two European pension funds, will consider building wind farms after buying the biggest freehold land asset in the state.
- Jenny Wiggins
Computershare offloads US mortgages unit for $1.13b
Rithm Capital, listed on the NYSE, has acquired the troublesome US mortgage services business, which only returned to profit in the June half.
- Simon Evans
EastLink auction speeds past ACCC pit stop; data room set to open
Prospective buyers were offered the toll road’s traffic data upon signing the confidentiality agreements.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September
Recycling infrastructure outfit CDSA rattles the tin
CDSA pitches itself as a more efficient alternative to manual recycling depots.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Atlas Arteria to fight new French motorway taxes
Toll road group Atlas Arteria’s lucrative French motorway could be hit with a new annual tax of almost $200 million after the French government released its 2024 budget.
- Jenny Wiggins
Qube tears up freight hub contract with Martinus Rail
Construction has stopped on an interstate rail hub in southwest Sydney after logistics group Qube scrapped a $140 million construction deal.
- Jenny Wiggins
Dutch infra investor DIF Capital taps MacCap for renewables sale
DIF has invested in both core and core-plus infrastructure, focusing on mid-market deals primarily in Europe, North America and Australia.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Beijing says Australia needs Chinese wind towers, urges end to tariff
China says anti-dumping duties should be scrapped because Australian producers are unable to fill demand for renewable power.
- Simon Evans
‘Case study in funny money’: Report on failed Eloque is close
An audit will reveal whether Victoria’s decision to invest taxpayers’ money in the tram sensor project was “transparent, evidence-based and free from bias”.
- Jenny Wiggins
TPG’s $1.8b InvoCare takeover fair and reasonable: expert
The final price is only 5¢ per share higher than the original bid – the second time an ASX group has capitulated to private equity for a lower price in a week.
- Simon Evans
- Updated
- Competition
ACCC’s EastLink decision could crimp Transurban toll road growth
The company’s incoming chief executive faces a more difficult task expanding the tollroad group after the competition regulator blocked its plans in Melbourne,
- Updated
- Jenny Wiggins
