Tags: Australia
Nine Entertainment Co releases IPO prospectus, seeks AUD 697.3 million
The IPO prospectus released by Nine Entertainment Co showed that the Sydney-based firm was looking to raise AUD 697.3 million for its share sale.
Warburg Pincus exits from its waste management investments in Australia
Warburg Pincus sells off its shares in Transapacific Industries Group. Warburg Pincus, the private equity firm, is selling off its shareholdings in the Australian waste management company Transpacific Industries Group.
Glencore and Sumitomo purchase majority stake in Australia's Clermont mine
Glencore Xstrata and Sumitomo Corp purchase 50.1% shareholdings in Clermont mine amidst increasing Asian demand for coal.
Australian and New Zealand stocks fells amid US deadlock
The stocks of Australia and New Zealand fell as the deadline to settle debt for the United States looms near, said a report from Bloomberg.
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Linc Energy CEO Peter Bond said they were already talking with two groups who were interested in taking part in its shale exploration project.
According to a Reuters report, Freelancer.com would be planning a local IPO in Australia that would help boost Australia's fast-growing technology markets.
A settlement was reached between a consortium of banks and liquidators over the current legal dispute over the collapse of the Bell Group of Australia.
Reuters reported that that the ruling governments of Australia and Norway would face possible defeat in polls set for this month.
Wesfarmers Ltd was able to gather AUD 304 million through a lease securitization deal with a special purpose entity.
Australia's AGL Energy Ltd said that weakened demand prompted the company to delay the development of its power plants.
Australian manufacturers underwent change in level of operations. The manufacturing industry was far from dead in the country down under. The face of the Australian manufacturing sector has been deemed not dead, just changing.
Australian Coca Cola distributor announced disappointment in its profits for the first six months. Coca Cola Amatil Ltd announces a substantial drop in its earnings.
Nine Entertainment's ownership has decided to undertake an IPO. The majority owners of Nine Entertainment of Australia, namely US hedge funds Apollo Global and Oaktree Capital, have appointed several banks to oversee the initial public offering of the company.
A newspaper reported that British bank Lloyds Banking Group received bids for its Australian businesses.




