Latest Foreign Investment Review News

EQT Holdings has received a nonbinding takeover proposal from TPG Global valuing the company at A$24.55 per share. The offer hinges on multiple conditions including due diligence, regulatory approvals, and board endorsement.

Andel Resources has exercised its option to enter a binding Right to Mine Agreement with Reach Resources, committing to fully fund mining and processing at the Murchison South Gold Project in Western Australia.

OceanaGold is set to acquire Ausgold and its Katanning Gold Project for A$776 million, adding a promising low-capital open-pit development in Western Australia with production expected in 2029.

Cleanaway has received a $3.13 per share non-binding acquisition proposal from EQT Infrastructure, representing a 32% premium. The board has granted exclusive due diligence and signalled its intention to recommend the deal, subject to conditions and no superior offer emerging.

Growthpoint Properties Australia is set to sell its Perth Woolworths distribution centre for $267.7 million, marking a significant milestone in its capital recycling strategy and expected to reduce gearing by 4%.

The Federal Treasurer has tightened restrictions on foreign shareholders Real International Resources and Qogir Trading, blocking share disposals without prior approval and reinforcing voting bans amid ongoing compliance concerns.

FleetPartners has dismissed SG Fleet’s $3.60 per share bid as undervaluing the company and is now weighing a superior $3.80 to $4.00 per share offer from Element Fleet Management, subject to exclusivity and regulatory approvals.

Northern Minerals propels its Browns Range Heavy Rare Earths Project forward with a planned Final Investment Decision in Q3 2026 and a significant 40% increase in the Dazzler Deposit resource.

Dexus has agreed to sell its half stake in 480 Queen Street, Brisbane, for $700 million, freeing capital to support higher-return projects and reduce gearing by about one percentage point.

Saturn Metals has locked in $100 million from a two-tranche placement, anchored by major shareholders including Golden Crane, to push its Apollo Hill Gold Project towards production. A $5 million Share Purchase Plan will offer further participation to existing investors.

Dexus has completed the sale of three office properties for $715 million, surpassing its $2 billion divestment target ahead of schedule. The transactions reinforce its disciplined capital management and will reduce gearing by around 2 percentage points.

Yancoal's June quarter saw a 20% jump in attributable saleable coal production to 10.8 million tonnes, supported by rising realised coal prices and operational improvements. The company advances its strategic growth with the pending acquisition of an 80% stake in the Kestrel Coal Mine, while planning to close Ashton mine by early 2028.