Latest Divestments News

Macquarie Group has reported a solid third quarter for FY26, with significant profit gains in asset management and capital divisions, alongside steady growth in banking services. The group maintains a strong capital buffer, positioning itself well despite a cautious economic outlook.

NAM has acquired Tri-Coastal for US$66.5 million, consolidating its Houston operations to enhance market share, operational efficiency, and margins in the ferrous scrap sector.

Sims Limited is consolidating its Houston footprint by acquiring Tri Coastal Trading assets and selling its Mayo Shell property, aiming to boost EBITDA and cut costs significantly.

US Masters Residential Property Group aims to divest its entire portfolio by the end of 2026, signalling an end to its operations. The group will prepare 2025 financials on a non-going concern basis, reflecting this strategic wind-down.

Mammoth Minerals has completed the sale of its Paterson Project, redirecting resources to accelerate drilling at its Excelsior Springs Gold-Silver Project in Nevada, with assay results expected soon.

Altamin Limited has obtained a retrospective Environmental Impact Assessment approval for its Gorno Project in Italy, strengthening its regulatory footing and supporting strategic options for development.

Careteq Limited has agreed to sell its Embedded Health Solutions business for $5 million, aiming to strengthen its balance sheet and focus on expanding its home medication review platform amid ongoing tax disputes.

Great Northern Minerals has fast-tracked the sale of its remaining 37% interest in Golden Ant Mining to Great Eastern Gold for $2 million, strengthening its cash position and sharpening focus on wholly owned projects.

Maas Group Holdings is selling its Construction Materials division for $1.7 billion to Heidelberg Materials Australia, marking a strategic pivot towards electrification, digital infrastructure, and AI-led growth.

Maas Group Holdings has agreed to sell its Construction Materials division for up to $1.703 billion, marking a strategic pivot towards digital infrastructure and electrification sectors. The deal, expected to close in late 2026, includes a significant minority investment in AI infrastructure developer Firmus Grid.

Centuria Office REIT (ASX, COF) reports a robust HY26 performance marked by significant leasing activity, a notable valuation uplift, and reaffirmed full-year guidance, underscoring a new cycle of recovery in the Australian office market.

Centuria Office REIT has delivered a strong half-year performance with increased portfolio valuation and reaffirmed full-year guidance, while strategically divesting a key asset at a premium.