SYDNEY, AUSTRALIA: Austin Engineering Limited (ASX: ANG) has entered into a binding agreement to acquire Australian mining equipment manufacturer, Mainetec Pty Ltd, for an initial amount of $19.6 million. Three further earn-out payments will be made if Mainetec achieves agreed…
SYDNEY AUSTRALIA: Magnetite Mines Limited announced the appointment of Mr Tim Dobson as Chief Executive Officer, effective from 23rd August 2022, completing a process announced on 19th April this year. Mr Stephen Weir, who has been Acting Chief Executive Officer…
AUCKLAND, NZ: Experienced director and business leader Susan Peterson has been appointed to the Mercury NZ Limited board effective 1 September 2022. Susan Peterson is currently the Chair of Vista Group, and is an Independent Director of Xero, Arvida and…
AUCKLAND, NZ: Summerset Group announced the purchase of two new properties in New Zealand and one in Australia. The New Zealand acquisitions are in Masterton (Wairarapa) and Rotorua (Bay of Plenty), while the Australian purchase is in Mernda (Victoria). The…
SYDNEY, AUSTRALIA: PWR Holdings Limited (ASX: PWH) announced acquisition of the UK based business, Docking Engineering, which was concluded on 19 August 2022. Operating out of Silverstone, UK, close to PWR Europe’s offices, Docking Engineering is a leading supplier of…
SYDNEY, AUSTRALIA: EQT Holdings Limited (ASX: EQT) will acquire Australian Executor Trustees (AET) from SFG Australia Limited, a wholly owned subsidiary of Insignia Financial Limited (ASX:IFL) for total cash consideration of $135 million. The acquisition will be funded through a…
SYDNEY, AUSTRALIA: Good Drinks Australia (ASX: GDA) has executed a binding term sheet to acquire leading Victorian-based brewery Stomping Ground for $7 million cash, 4.5 million GDA Ordinary Shares and a trailing 5-year performance component, a bourse filing noted. The…
SYDNEY, AUSTRALIA: Flynn Gold Limited (ASX: FG1) announced the appointment of Mr Neil Marston as the Company’s Chief Executive Officer, with effect from 24 August 2022. Neil was the founding Managing Director and Company Secretary of Bryah Resources Limited. Prior…
SYDNEY, AUSTRALIA: The board of Webcentral Ltd have agreed to sell the block stake in Cirrus Networks Holdings Limited (ASX: CNW) in an on-market trade today. The sale of Webcentral’s holding of 172 million shares (18.5% of CNW) will provide a…
SYDNEY, AUSTRALIA: Latitude Group Holdings (ASX: LFS) Managing Director and Chief Executive Officer AhmedFahour AO will retire from Latitude by the end of August 2023. Since joining Latitude as CEO in October 2018, Mr Fahour has modernised the lender’s operations,…
SYDNEY, AUSTRALIA: Australia New Zealand Banking Group (ANZ) has completed the retail shortfall bookbuild under its fully underwritten pro-rata accelerated renounceable entitlement offer. The completion of the Retail Shortfall Bookbuild concludes the final stage of the Entitlement Offer under which…
WELLINGTON, NZ: Winton has entered into a binding transaction with MaxCap New Zealand Limited to establish the Winton / MaxCap Medium Density Development Fund (the Fund). The Fund is a $200m equity investment vehicle that will focus on the acquisition…