Latest Foreign Investment News

Energy One has secured Australian foreign investment approval for Fluxys UK to receive up to an 18.26% stake through the proposed GMSL acquisition. Shareholder approval at the 15 October extraordinary meeting is now the final positive condition before completion.

The ACCC has determined that I Squared Capital's proposed acquisition of oOh!media may proceed by scheme of arrangement, removing a major regulatory condition. Approval from Australia's FIRB, New Zealand's OIO and oOh!'s shareholders is still required before completion.

MAAS Group has received FIRB approval for the sale of its construction materials division to Heidelberg Materials Australia, leaving shareholder approval and an Asphalt Operators acquisition as the key remaining conditions. Settlement remains targeted for October 2026, with transaction terms unchanged.

Kelsian has secured Treasurerial approval for the proposed sale of its Tourism Portfolio to Journey Beyond, removing a key regulatory condition. The transaction still requires contract consents and other conditions, with completion targeted for the first half of FY2027.

Atlantic Lithium has secured Australian foreign investment approval for Zhejiang Huayou Cobalt’s proposed acquisition, removing one condition to the scheme. Shareholder, court and other regulatory approvals are still required before the transaction can complete.

GPT is adding a 23-level Brisbane office tower to its value-add partnership for $380 million, taking the vehicle’s deployment above $500 million since February. The deal brings a mostly leased asset into a partnership portfolio, but is not expected to materially change GPT’s 2026 earnings.

Kelsian’s proposed sale of its Tourism Portfolio to Journey Beyond has cleared the ACCC, removing a major regulatory condition before completion. The transaction still requires FIRB approval, contract consents and other conditions, with completion expected in 1HFY27.

Mindax Limited has locked in a total of A$3.9 million in convertible note funding from Singapore-based L&Y Investment Holdings, contingent on Foreign Investment Review Board approval. The unsecured notes carry 10% interest and could dilute existing shareholders by up to 4.63%.

Stanmore Resources is set to acquire the Moranbah South tenements for US$105 million, significantly expanding its metallurgical coal resources and enhancing synergies with nearby projects.

Alcoa Corporation has filed to register shares of its common stock to be issued in connection with its $4.1 billion acquisition of South32 Limited’s upstream aluminum assets, spanning Australia, Brazil and South Africa. The deal includes cash, stock consideration, and contingent payments linked to commodity prices, pending customary approvals and shareholder support.

Saturn Metals has significantly oversubscribed its Share Purchase Plan, raising $21.28 million against a $5 million target. Combined with a recent $100 million placement, the company now has $121.28 million to accelerate development of its Apollo Hill Gold Project in Western Australia.

MA Credit Income Trust (ASX: MA1) launches a voluntary off-market buy-back for up to 2.5% of units at net asset value, aiming to provide liquidity and capital management benefits to unitholders.