Latest Divestments News

Metgasco has ended its asset sale agreement with Vintage Energy after funding conditions were unmet, signaling a strategic pivot amid ongoing exploration and recapitalisation efforts.

The Australian Treasurer has issued interim directions preventing Hong Kong Ying Tak Limited from transferring or voting over 361 million shares in Northern Minerals, amid suspected breaches of foreign investment disposal orders. Northern Minerals is cooperating with regulators while focusing on its rare earths project.

The Star Entertainment Group has completed the first stage of its exit from the Destination Brisbane Consortium, locking in a fixed $18 million annual operator fee and shedding a major debt guarantee.

Genetic Technologies Limited remains under voluntary administration while progressing a Deed of Company Arrangement and has completed the sale of its geneType business, ending the quarter with $270,000 in cash.

The Star Entertainment Group has locked in a binding refinancing agreement with WhiteHawk Capital Partners, securing US$390 million to refinance existing debt and boost liquidity. This move aims to stabilise the company’s financial footing ahead of key regulatory approvals and asset sales.

Fatfish Group has revealed improper conduct by a former service provider that delayed its 2024 financial reporting, while outlining ongoing legal actions and a strategy to relist on the ASX within four months.

Eminence Minerals has completed the divestment of its Alturas Antimony Project to Maxus Mining, receiving cash and shares that bolster its balance sheet while maintaining exposure to antimony.

Aeris Resources has finalised the sale of its North Queensland copper assets to Dingo Minerals, unlocking immediate cash and environmental bond releases with further payments contingent on production milestones.

APA Group has finalised the sale of its 20% stake in the Allgas Network, receiving $62 million as part of Stonepeak's full acquisition of GDI. This move aligns with APA's strategy to streamline operations and focus on growth.

EVT Limited has successfully refinanced its debt facilities, increasing capacity to $750 million with improved interest margins, positioning the group for its strategic pivot towards the hotel sector.

Sequoia Financial Group has agreed to sell its financial planning arm InterPrac to Conquest Investment Partners for $50,000, following a strategic review that exposed significant challenges and asset write-downs.

Triangle Energy has secured joint funding with Tetragon and Winchester Energy to undertake a strategic exploration study in Indonesia, potentially paving the way for a new production sharing contract.