M&A

MAC Copper, which operates the Cobar copper mine in NSW, has accepted a $1.6 billion takeover offer from South African-based gold mining company Harmony Gold.

Real estate funds manager Centuria Capital Group has taken advantage of surging investment demand, selling three industrial assets in southern Queensland for an average sales premium of 25 per cent.

The Commonwealth Bank has given Healthscope a $100 million lifeline as the embattled hospital giant appoints receivers to negotiate a sale.

Genesis Minerals has agreed to buy the Laverton Gold Project in Western Australia from Focus Minerals for $250 million.

Brisbane-based law firm Cooper Grace Ward has lured a corporate law expert from K&L Gates to join its partnership.

The Australian Competition and Consumer Commission will not oppose IAG’s acquisition of RACQI, saying more established insurers will still be able to compete in Queensland.

Squire Patton Boggs has recruited a private equity specialist from Allens for its Sydney corporate practice.

ASX-listed MA Financial will acquire shopping centre-focused real estate investment manager IP Generation for $90.4 million.

Major industrial landlord Centuria Capital and US-based real estate investment manager BGO have joined forces to break into the tightly held Western Sydney industrial land market, buying out 45,000 square metres of warehouse space in an off-market sale. 

Building materials giant Boral has acquired the Wallan Concrete plant 45km north of Melbourne's CBD for an undisclosed sum, two months after its purchase of a Victorian sand producer.