Mergers and acquisitions
Article Abstract:
Merger and acquisition activity in 1995 in Australia's mining industry demonstrated that the country has begun to adopt sophisticated finance techniques. The acquisition of Pancontinental by RGC and Goldfields was the first simultaneous hostile takeover and initial public offering, involving funding through debt securities. The CRA and RTZ merger required regulatory authority approval and agreements so that the two companies could hold operating assets directly.
Publication Name: Asiamoney
Subject: Business
ISSN: 1607-0526
Year: 1997
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BHP proposes to lighten debt load with A$3 billion MTN
Article Abstract:
The A$6 billion debt accrued by BHP caused the Australian resource company to rethink its management techniques. A new board, expenditure cuts, and the establishment of a A$3 billion domestic medium-term note are all measures taken to reduce the debt. The note, one of the largest on the market, is also expected to give BHP longer maturities and a broader base of investors for future funding programs.
Publication Name: Asiamoney
Subject: Business
ISSN: 1607-0526
Year: 1999
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Infrastructure financing
Article Abstract:
Australia's infrastructure stocks are expected to perform well, with one trust and two motorway stocks showing capital gains ranging from nearly 40% to 90% in 1997. The National Competition Policy has helped disaggregate government monopolies and allowed participation of private competitors.
Publication Name: Asiamoney
Subject: Business
ISSN: 1607-0526
Year: 1997
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