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…
Tag: ACCC
Medibank to acquire Australia’s primary care provider Better Medical for $159 milliond
SYDNEY: Australian health insurer Medibank Private Ltd said on Wednesday it has agreed to acquire primary care provider Better Medical for approximately $159 million, expanding its foothold in the country’s general practitioner sector. The acquisition of Better Medical, which operates a network of 61 GP and medical clinics across Victoria, Queensland, South Australia, and Tasmania,…
Cuscal surpasses FY25 forecasts; Acquires Indue Limited in $75 million deal
SYDNEY: Cuscal Limited (ASX: CCL) has posted robust FY25 financial results, exceeding its pro forma net profit forecast and declaring a final dividend of 5.5 cents per share, while simultaneously announcing the acquisition of Brisbane-based payments firm Indue Limited in a cash-funded $75 million deal. The acquisition, expected to close by December 31 pending regulatory…
Qantas Group settles with ACCC: $20 million remediation announced
Sydney: Qantas Group has reached a settlement with the Australian Competition and Consumer Commission (ACCC) over the airline’s flight cancellation procedures. The agreement, pending Federal Court approval, includes a $20 million remediation program for passengers affected by the airline’s cancellations, with individual payments ranging from $225 to $450. Additionally, Qantas has agreed to a $100…