M&A

Hilton has lost its challenge to a $173 million tax adjustment from the 2015 sale of the Sydney Hilton Hotel, with a judge finding the transaction was entered into for the dominant purpose of obtaining a tax benefit. 

AI infrastructure company Firmus has secured OpenAI as an anchor customer, with the ChatGPT owner committing to AI compute capacity from two Malaysian Firmus sites as part of the multi-year partnership.

Macquarie Asset Management has acquired half of Aware Super’s Victorian land registry stake, with law firm Allens advising the superannuation fund on the deal.

Ingenia Communities has rejected a $1.9 billion unsolicited takeover offer from private equity firm Warburg Pincus, saying it undervalues the company.

Renewable energy company 1414 Degrees has purchased Vast Solar Aurora, securing control of South Australia's Aurora Energy Precinct in the process.

Copenhagen Infrastructure Partners has acquired a hybrid onshore wind and battery energy storage system in North Queensland and locked down $1.7 billion in funding for the project.

Coles will continue its fight against the ACCC's decision to block its plans to lease a new site in Kalgoorlie, WA in the Competition Tribunal only, dropping a Federal Court challenge.  

Ingenia Communities has entered into an agreement to acquire land developer Peet, creating a real estate giant valued at $2.4 billion.

Mall owner Scentre Group has sold a 50 per cent stake in Westfield Mt Gravatt to Australian Retirement Trust for $882.5 million, taking to over $3 billion its capital raising from joint venture sales in the past year.

The competition regulator has referred Vets Central’s proposed acquisition of rival Hills Veterinary Centre for an in-depth merger review, saying the tie-up could substantially lessen competition.