SYDNEY: Australian miner Horizon Minerals Ltd said on Friday it has agreed to sell its non-core Lake Johnston nickel project to Forrestania Resources Ltd for A$35 million ($23.2 million), as it focuses on developing its flagship gold asset. The divestment, outlined in a binding Heads of Agreement, will see Horizon receive A$30 million in cash…
Category: Australian Exchange
Australian Securities Exchange news today and company announcements regarding mergers, acquisitions, appointments, expansion and technology of companies listed on Australian Securities Exchange (ASX).
BlueScope sells stake in Indian steel joint venture to partner Tata Steel
MELBOURNE: Australian steelmaker BlueScope announced Thursday it has agreed to sell its 50% stake in the Tata BlueScope Steel (TBSL) joint venture to its partner, Tata Steel. The companies formed TBSL in 2005, building it into a leading supplier of coated and painted steel products for India’s building and construction sectors. In a statement, BlueScope…
Volt Group to acquire 4D Delta in $7.25 million deal to expand digital asset inspection capabilities
SYDNEY – Volt Group Ltd (ASX: VPR) said on Wednesday it will acquire Perth-based 4D Delta Pty Ltd, a profitable provider of digital asset inspection and condition monitoring technologies, in a deal valued at A$7.25 million. The acquisition, comprising equal parts cash and Volt shares, is expected to transform Volt into a more diversified technology-enabled…
Skylark Minerals acquires portfolio of gold projects in Côte d’Ivoire
PERTH – Skylark Minerals Limited (ASX: SKM) announced Tuesday it has agreed to acquire a portfolio of advanced gold assets in Côte d’Ivoire, West Africa, a move that establishes the company as an emerging gold explorer in the region. The acquisition, secured for a total consideration of approximately A$6.0 million, is centered on the Zaranou Project,…
SHAPE Australia acquires Arden Group in $25 million deal
SYDNEY — SHAPE Australia Corporation Limited (ASX: SHA) announced Wednesday it has entered into a binding agreement to acquire the business and assets of Arden Group, a national retail fitout and facilities maintenance specialist, for an upfront payment of $25 million. The acquisition, expected to complete by Dec. 31, 2025, includes two additional contingent earn-out payments…
Vection Technologies to acquire Monogic Limited in APAC expansion pushdd
SYDNEY — Vection Technologies Ltd (ASX:VR1) said on Tuesday it will acquire Hong Kong and Singapore-based digital marketing agency Monogic Limited in a scrip-only deal aimed at accelerating its expansion across the Asia-Pacific region. The acquisition, expected to close by Dec. 31 pending regulatory and shareholder approvals, will see Vection issue up to A$1.6 million…
Eureka Group to acquire Benalla Tourist Park
MELBOURNE – Australian property firm Eureka Group Holdings Ltd said on Tuesday it has acquired the Benalla Tourist Park in Victoria, its first all-age rental community in the state, for A$11.7 million ($7.7 million). The mixed-use park, located about 200 kilometres northeast of Melbourne, comprises 145 revenue-generating sites, including 61 land-lease homes, 9 park-owned rentals, 29…
Life360 to acquire ad tech firm Nativo in $120 million deal to boost Ad platform
SAN FRANCISCO – Family safety app maker Life360 Inc said on Tuesday it has agreed to acquire advertising technology company Nativo for approximately $120 million in cash and stock, a move aimed at accelerating the growth of its advertising business. The acquisition will combine Life360’s first-party data on family locations and behavior with Nativo’s network…
Cromwell to acquire stake in AUD 470 million industrial portfolio
SYDNEY — Cromwell Property Group (ASX:CMW) said on Tuesday it has entered into conditional agreements to acquire a 19.9% stake in Straits Real Estate’s Australian industrial portfolio valued at AUD 470 million, as part of a strategic push to expand its assets under management (AUM). The deal includes the purchase of the portfolio’s management platform,…
AGL Energy sells 19.9% stake in Tilt Renewables to QIC-led group for A$750 million
SYDNEY: AGL Energy Ltd (AGL.AX) said on Monday it will divest 19.9% of its 20% equity stake in Tilt Renewables to a consortium led by Queensland Investment Corporation (QIC) and the Future Fund for A$750 million ($480 million), in a move to recycle capital and support future growth. The transaction, expected to close by the…
Seafarms acquires Project Sea Dragon to revive prawn farming expansion
SYDNEY: Seafarms Group Ltd (ASX: SFG) said on Monday it has signed a conditional asset sale agreement to acquire the assets of Project Sea Dragon Pty Ltd (in liquidation), marking a strategic step toward expanding its prawn farming operations in northern Australia. The A$750,000 deal, executed through wholly owned subsidiary Sea Dragon Shrimp Pty Ltd,…
Stealth Group acquires Hardware & Building Traders in A$22 million deal; Upgrades FY28 guidance
SYDNEY: Stealth Group Holdings Ltd (ASX: SGI) said on Monday it will acquire Hardware & Building Traders Pty Ltd (HBT), Australia’s largest privately owned hardware buying group, for A$22 million in cash, in a move that positions the company as a leading alternative to industry giants Wesfarmers and Metcash. The acquisition, funded through extended bank-debt…