M&A

Ampol has offered to divest 41 sites to win ACCC approval for its $1.1 billion acquisition of EG Australia, after the regulator started a phase two review into the tie-up.

Holding Redlich has advised on the country's first utility scale solar microgrid led by a First Nations cooperative in a remote area of the Northern Territory, a project that will deliver critical energy autonomy in the community.

The ACCC will look deeper at IAG's proposed acquisition of the RACWA's insurance operations for the second time, saying there were concerns the transaction could substantially lessen competition.

Fletcher Building has won approval to sell its construction division to France-based VINCI Construction for NZ$315.6 million.

Global infrastructure manager Palisade Investments has scooped up a battery energy storage system under construction 50 kilometres from Adelaide, which has already secured a long-term tolling agreement with Origin Energy.

Pitcher Partners has taken a former client to court, alleging it failed to pay a $1.3 million 'abort fee' after it withdrew from a proposal to sell the business. 

The competition regulator will further probe US keg company MicroStar's proposed acquisition of the assets of rival keg pooling service Konvoy, saying the transaction could substantially lessen competition.

Star Entertainment has finalised the first stage of the sale of its stake in Queen's Wharf Brisbane, disposing of its interest in owner Destination Brisbane Consortium to its Hong Kong joint venture partners.

US-based private equity giant Blackstone has reshuffled the leadership of its Australian real estate arm after head Chris Tynan stepped down for his role following a string of billion-dollar deals.

US-based drug maker Cosette has lost its bid to stay proceedings alleging it induced the treasurer to reject its $672 million tie-up with Mayne Pharma, with a judge finding Mayne has a right to prosecute its case and would be prejudiced by the delay.