M&A

The ACCC has opposed US-based keg pooling company Kegstar's proposed acquisition of the assets of rival Konvoy, the latest acquisition blocked since the new mandatory merger review came into effect.

Construction company Maas Group has acquired an additional $300 million stake in AI infrastructure company Firmus, executing on its strategy to expand into digital infrastructure after shedding its construction material division for $1.7 billion.

Heidelberg Materials' $1.7 billion acquisition of Maas Group Holdings' construction material unit has been approved by the ACCC provided it sheds three concrete plants and a quarry -- the regulator's first phase 1 review with conditions. 

Heidelberg Materials' $1.7 billion acquisition of Maas Group Holdings' construction material unit has been approved by the ACCC provided it sheds three concrete plants and a quarry -- the regulator's first phase 1 review with conditions.

Dexus has sold a premium Brisbane office building whose tenants include HSF Kramer and Allens to US investment management firm Barings for $700 million. 

Superannuation fund-owned IFM Investors has purchased four sites in high-growth Melbourne suburbs to develop into a $300 million shopping centre portfolio as part of a partnership with Fawkner Property and Oreana. 

Dexus has surpassed its target of $2 billion in divestments by the end of the current financial year by selling two Sydney office buildings and one in Brisbane for $715 million.

Metals Manufactures has launched legal action for $33 million in damages against Fletcher Building and unit Crane Group, saying it was misled into paying $170 million for plumbing supply business Tradelink.

AwareSuper has acquired a 50 per cent stake in a Sydney CBD office tower for around $226 million, forming a new partnership with Hong Kong-based REIT Link.

Lendlease has established an investment partnership with Dutch pension fund manager PGGM with an investment capacity of up to $1.1 billion.