Rashmi Ashok
Stories by Rashmi Ashok
Blackstone buys $360m stake in Australia’s Crown Resorts
An entity controlled by Blackstone bought about 67.7 million of its shares from Macau casino operator Melco Resorts.
Sembcorp unit begins proceedings against Hin Leong affiliate
Just last week, Sembcorp Cogen terminated its gasoil supply and storage agreement with Hin Leong.
Australia’s Wesfarmers to sell 5.2% stake in Coles amid COVID-19 outbreak
The move will help Wesfarmers retain a more flexible balance sheet amid uncertainty posed by the coronavirus outbreak.
VetPartners to acquire ASX-listed National Veterinary Care for $168m
VetPartners owns and operates more than 140 veterinary clinics in Australia, New Zealand and Singapore.
Alibaba raises another $1.7b in over-allotted shares in Hong Kong listing
The company has received approval to list 75 million over-allotment shares at HK$176 per share, the same price it offered under its secondary listing.
Canadian pension fund PSP to buy out Australian agri firm Webster for $572m
PSP Investments currently holds a 19.1% stake in Webster.
Australian insurer Suncorp sells vehicle repair unit to AMA Group for $284m
The insurer has sought to slim down its business after selling its life insurance division for $540 million last year.
Australia’s Pacific Energy receives $320m takeover bid from consortium
The new offer represents an 11.3% premium to the A$0.975 per share offered by QIC.
Australia’s Nine Entertainment offers to buy rest of Macquarie Media
The deal values Macquarie Media at A$275.4 million ($186.8 million).
NZ dairy giant Fonterra to divest 18.8% stake in China’s Beingmate on stock market
Fonterra had acquired a stake in Beingmate for about NZ$750 million ($490.50 million) in 2015.
