Business Spectator

Australian media firm Fairfax buys Property Data Solutions for $30M

Fairfax Media Ltd, the leading diversified media firm in Australia, has purchased property data and mapping company Property Data Solutions Pty Ltd for approximately USD30 million.

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WesTrac to acquire Caterpillar's distribution businesses in China

WesTrac China Limited has reached an agreement to acquire the distribution and support businesses of Caterpillar Global Mining in a deal valued at around USD130 million.

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Australian energy firm Ambassador exits gas field stake for $42.5M

Australia-based energy company Ambassador Oil and Gas Ltd has sold its 52.5% stake in South Australia's Cooper Basin, a potential gas field, to New Standard Energy Ltd for USD42.5 million.

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Telecom sells Australian AAPT unit for $450M

Telecom Corp Ltd has offloaded its Australian AAPT unit to TPG Telecom Ltd UDS450 million to initially repay debt and focus on its operations in New Zealand.

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Brisbane firm Blue Sky to raise USD25.59 million through share sales

Brisbane-based private equity fund manager Blue Sky Alternative Investments Ltd plans a USD25.59 million fundraising by the end of 2013 through a series of share sales.

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Australian carrier Qantas considers stake sale -report

If the Australian federal government does not boost Qantas Airways Ltd's credit ratings, the national carrier may sell its shares in its frequent flyer division or Jetstar's Asian arm, the Australian Financial Review (AFR) reported.

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Qantas chief rules out capital raising for Australia's national carrier

Alan Joyce, chief executive of Qantas Airways Ltd, has ruled out Australia's national carrier raising fresh capital to compete with arch-rival Virgin, saying the airline still has a lot of flexibility.

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IDP Eductaion mulls 2014 IPO in Australia

Australia-based IDP Education, the world's largest provider of international student placement, is considering the sale of its shares through an initial public offering (IPO) in 2014.

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BIS Industries buys Powertrans for USD30 million

Australia-based mining logistics firm BIS Industries is buying industrial transport company Powertrans for USD30 million in a debt-funded transaction which will be finalized in January.

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Charter hall completes equity raising for Rosebud Plaza acquisition

Charter Hall Retail REIT completed a fully underwritten USD80 million institutional placement for the partial funding of its Rosebud Plaza acquisition, according to the company's statement to the Australian Securities Exchange.

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Newcastle Airport may sell half its stake

Newcastle Airport Authority Ltd was reportedly planning to sell half its stake to infrastructure investors such as IFM Investors Ltd and other superannuation funds next year.

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Virgin Australia looks to raise USD350 million in new capital

Airline firm Virgin Australia Holdings Ltd said it plans to raise USD350 million in capital to enhance its liquidity by offering new shares to its existing shareholders.

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Greencross to acquire Mammoth Pet Holdings

Brisbane-based veterinary giant Greencross announced its intention to buy pet retail chain Mammoth Pet Holdings in an acquisition deal that is valued at USD330 million.

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Abacus Property raises USD75 million for future acquisitions

Australian diversified company Abacus Property Group raised USD75 million in a share sale, the proceeds of which would be used to more properties in New South Wales, Queensland, and Victoria.

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