Rushil Dutta
Stories by Rushil Dutta
Tencent buys 5% stake in Australian fintech firm Afterpay
Tencent’s shareholding in the Australian firm was worth about A$390 million ($251.55 million).
Australian pension fund Unisuper suspends stock lending as markets slump
UniSuper is a $53-billion superannuation fund for the higher education and research sector.
Australia’s Navitas spurns $1.4b takeover bid from BGH-backed group
Navitas said it wasn't currently granting due diligence to the consortium, but could do so if it negotiated a favourable deal.
Australia’s Wesfarmers to sell stake in Bengalla JV for $635m
The decision to sell its interest in Bengalla follows the completion of the sale of Wesfarmers' Curragh coal mine in March.
Australia’s Gateway Lifestyle receives $685m bid from Brookfield
The offer at A$2.30 per share represents a 7.5 percent premium to Gateway shares’ closing level on Wednesday.
Australia’s AMA Group halts Blackstone deal after tax ruling
AMA Group said it has halted a deal to sell its vehicle panel repair arm to Blackstone Group for A$508 million ($375 million) following an unfavourabl
Noble Group embarks on $3.4b debt rejig after winning over key shareholder
Noble has agreed to hand over a 70% stake in its restructured business to senior creditors in return for halving its $3.4 billion in debt.
Insurance Australia to sell Thai, Indonesia units to Tokio Marine for $389.7m
Tokio Marine & Nichido Fire Insurance will buy IAG's 98.6% stake in Thailand's Safety Insurance and 80% of PT Asuransi Parolamas in Indonesia.
NZ’s Tegel Group gets $309m buyout offer from Philippine poultry firm
If successful, this would be the biggest outbound deal from the Philippines in almost two years.
Australia’s Healthscope receives $3.1b takeover offer from GIC-backed PE consortium
The consortium comprises BGH Capital Fund, AustralianSuper, Singaporean GIC unit and Canada Pension Plan Investment Board.
