M&A

Advised by Johnson Winter Slattery, Morrison-managed investment fund Utilities Trust of Australia has bought out a Canadian pension fund for full ownership of the Sydney Desalination Plant.

Setting up another potential legal fight, Mayne Pharma has said US drug maker Cosette did not validly terminate their $672 million merger agreement, which failed to receive FIRB approval.

Hong Kong-based Far East Consortium has sold a 50 per cent stake in the Ritz-Carlton Perth to Cayman Islands-based Generation Essentials Group for $100 million. 

National Storage REIT has agreed to a takeover by a consortium of Brookfield Property and GIC Investments that values the self-storage investor at $4 billion.

Charter Hall has acquired the Burwood One shopping centre in Melbourne’s east for $210 million, just days after snapping up a triple-supermarket-anchored shopping destination in Queensland. 

Engineering firm CIMIC has sold off half of its transport business, UGL Transport, to a Japanese company for $500 million, as it looks to expand into new markets. 

Law firm Allens is behind the recent sale by Pamoja Capital of a majority stake in UniLodge to Japanese property developer Samty.

A consortium of Brookfield Property and GIC Investments has moved to acquire National Storage REIT, making an offer that values the self-storage investor at $4 billion.

Treasurer Jim Chalmers has blocked Cosette's $672 million takeover of Mayne Pharma on national interest grounds after the US drug maker threatened to close a critical drug facility in Adelaide.

Macquarie Asset Management has made an offer to acquire Qube which values the infrastructure giant at $11.6 billion.