M&A

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.

A Singapore-listed company that acquired former ASX-listed coal miner Blackgold International is statute-barred from claiming that Blackgold’s former lead auditor should have detected fraudulent transactions in the company’s accounts.

Coles has argued that the competition regulator’s decision rejecting the supermarket giant's bid to lease a new site in Kalgoorlie, WA was based on a theory of harm that is novel under Australian law. 

Coles has fired off Federal Court proceedings over the ACCC's decision to block its proposed acquisition of a leasehold interest in a supermarket and liquor store site in Kalgoorlie, one day after bringing proceedings at the Australian Competition Tribunal.

Australian private equity firm Next Capital has inked a deal to acquire Fujitsu's Australian data centre business, which includes premium facilities in Sydney, Brisbane, Melbourne and Perth.

The Australian Competition and Consumer Commission has opened a phase 2 review into animal drug company Zoetis' proposed acquisition of Neogen's global animal genomic testing business, saying it would substantially lessen competition in the market for animal gene testing services.

Coles has asked a tribunal to clear its proposed acquisition of a leasehold interest in a supermarket and liquor store site in Kalgoorlie, arguing the ACCC's finding that it would substantially lessen competition was "not objectively correct".