Latest Divestments News

FOS Capital is set to acquire Aldridge Traffic Systems' street lighting assets for $3.1 million, backed by a $3.7 million equity raise to fund the deal and expansion plans.

FOS Capital has secured $3.7 million through a placement to fund its acquisition of Aldridge Traffic Systems, aiming to expand its footprint in the Australian lighting market. The deal includes key assets and intellectual property, positioning FOS for accelerated growth.

Fletcher Building has confirmed it is fielding inquiries from potential buyers following its strategic review announcement, though no sales decisions have been made. Investors await clarity at the upcoming Investor Day.

Prodigy Gold NL has announced a non-renounceable entitlement offer aiming to raise approximately $6.35 million to fund exploration and development across its key gold projects in the Tanami region. The offer is partially underwritten, providing a degree of funding certainty amid ongoing market and operational risks.

Marvel Gold Limited has signed a binding agreement to sell its Mali gold assets to Anchises Capital for AUD 1.65 million, marking a strategic shift towards new growth opportunities in Tanzania.

Maggie Beer Holdings has agreed to sell its subsidiary Paris Creek Farms for $500,000, aiming to sharpen focus on its core premium brands and achieve significant cashflow savings.

Focus Minerals has completed the sale of its Laverton Gold Project to Genesis Minerals for A$250 million in cash, marking a significant shift in its asset portfolio. The company now turns its attention to optimising operations at its Coolgardie Gold Project.

CZR Resources has secured Foreign Investment Review Board approval for the sale of its Robe Mesa Iron Ore Project, marking a significant step toward closing the A$75 million transaction.

PVW Resources has confirmed widespread, near-surface rare earth element mineralisation at its Capão Bonito East Block in Brazil, with high-grade intercepts up to 5,662 ppm TREO. The company is advancing metallurgical testing and expanding exploration across its Brazilian portfolio.

EV Resources Limited has agreed to sell its Yanamina Gold and Silver Project in Peru to Daura Gold Corp for US$6 million, a move that will bolster EVR’s cash reserves and sharpen its strategic focus.

Resimac Group Limited has announced a fully franked special dividend of 12 cents per share following a strategic review and sale of non-core assets, signalling disciplined capital management and shareholder value focus.

Perpetual Limited has successfully refinanced its syndicated debt facilities with improved terms, pushing out maturities and lowering its gross debt forecast for FY25.