M&A

The ACCC has approved a deal that will see the assets of a unit of materials giant BGC Group sold to Cement Australia, Holcim, Heidelberg Materials Australia and Adbri, after worrying an initial proposal could affect the supply of ready-mix concrete in the Perth area.

Charter Hall has expanded its convenience retail portfolio, acquiring the Chullora Marketplace 14 kilometers southwest of Sydney's CBD for $145 million.

The competition watchdog has raised concerns that IAG’s proposed $1.35 billion acquisition of the RACWA's insurance operations could substantially lessen competition.

Ashurst has recruited the architect of Australia's merger reforms as companies prepare for the new regulations to kick in next year, and she tells Lawyerly businesses can expect a "well-prepared" ACCC.

French renewable energy company TagEnergy has scooped up Australian renewables developer ACE Power, acquiring a portfolio of 6GW battery, wind and solar projects.

Fonterra said Tuesday it had settled a dispute with Bega Cheese over the status of lucrative licence agreements as part of a $3.8 billion sale of its Australian business to French dairy company Lactalis.

A consortium of Ki Corporation and New York Stock Exchange-listed Public Storage has pulled a $2.2 billion offer to acquire Abacus Storage Kings.

Gadens has poached three partners from Allens and Mills Oakley to grow its corporate practice. 

Corrs Chambers Westgarth has lured a corporate lawyer who spent 14 years working at Gilbert + Tobin, its latest hire from the rival firm.

Hospitality group EVT Group has acquired hotel management company Pro-Invest Hotels for $74 million to seed the launch of its own brand management business.