Australia

India's Lanco Infratech mulls sale of Australian unit to help pay back debt- sources

India-based Lanco Infratech Ltd is considering a sale of its Australian unit, Griffin Coal Mining Co, so it could help pay debt, according to sources interviewed by Bloomberg.

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Thailand's PTT not bidding for Shell's petrol stations in Australia -official

A senior official from Thailand's state-owned petroleum company PTT on Thursday denied a media report saying that it was bidding for Royal Dutch Shell's service stations in Australia. Shell is selling its 900 petrol stations and an oil refinery in the country for A$3 billion.

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Canadian dairy firm Saputo lifts Warrnambool stake to 20pct

Montreal, Canada-based dairy firm Saputo Inc has increased its stake in Australia-based dairy supplier Warrnambool Cheese and Butter Factory Ltd to 20.1%, according to an ASX statement.

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JPMorgan picks up stake in US trading platform Chi-X Global

US-based multinational banking and financial services firm JP Morgan Chase & Co purchased an equity stake in alternative trading systems operator Chi-X Global Holdings LLC for an undisclosed sum.

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AMP Capital completes $100M debt financing in US power plant

Sydney, Australia-based investment manager AMP capital invested $100 million in subordinated financing for the fully operational Astoria Project Partners power plant in New York, USA.

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Japan's Kirin has no plans to exit Warrnambool stake

Japan-based food and beverage giant Kirin Holdings Ltd has no plans to sell its 9.99% holding in Warrnambool Cheese and Butter Factory Ltd to Canadian firm Saputo Inc as it wants to secure a cheese supply agreement with the latter.

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Australia's NSW government down to three bidders for Macquarie Generation

Chinese conglomerate Shenhua has dropped out from the bid for New South Wales (NSW) power generator Macquarie Generation (MacGen), leaving only three bidders, according to a report.

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TPG eyes Shell assets in Australia -report

Texas, US-based private investment firm TPG Capital is in a tussle with two other potential buyers of the Australian assets of Netherlands-based petrol and refining firm Royal Dutch Shell, according to a report.

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Blackstone appoints senior adviser James Carnegie to head Sydney office

Private equity firm Blackstone Group, which has yet to do an Australian deal, has appointed it senior adviser James Carnegie as the new senior managing director of its Sydney office. Carnegie will be replacing Paul Costello, who resigned last year.

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Australia's Champ Ventures eyes SG Fleet IPO in early 2014

Australia-based private equity group Champ Ventures plans to exit its 42% stake in fleet management and leasing firm SG Fleet via initial public offering (IPO) by the end of 2014's first quarter.

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Marubeni divests Aussie power plant stake to South Korean buyer -source

Japan-based trading house Marubeni Corp sold its 30% interest in Australia-based Milmerran Power Station to a buyer in South Korea for under A$200 million ($179 million), according to a source familiar with the deal.

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Shell, BP mulling over sale of oil refineries, petrol stations in Australia

Petroleum companies Royal Dutch Shell and BP are reportedly looking to sell its oil refineries and petrol stations in Australia to generate cash for their energy production business segments. Chevron Corp. reportedly may follow suit and exit its service stations in the country.

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Australia's United Dairy seeks stake sale

United Dairy Power, the biggest privately owned milk supplier in Australia, is looking to dispose a stake in the firm to an Australian diary investor for an undisclosed sum.

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Apple snaps up Aussie photo startup SnappyLabs -reports

Tech giant Apple has purchases Australia-based startup SnappyLabs, a one-man team behind the photo app that augments iPhone's camera, according to earlier reports by TechCrunch and Recode.

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Australian telecom firm BigAir to add Anittel Communications in $6.5M deal

Australia-based wireless network provider BigAir Group plans to add telecommunications firm Anittel Communications Pty Ltd (ACPL) from Anittel Group Ltd in a deal valued at $6.5 million.

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