Latest Takeover News

Canyon Resources has advanced key infrastructure for its Minim Martap bauxite project, delivering locomotives and increasing stakes in Camrail and the Port of Douala operator, while navigating a conditional takeover bid from its majority shareholder.

HSBC Bank Australia is selling its AUD36 billion home and personal loan portfolio to Blackstone affiliates, marking a significant step in winding down its Australian retail banking operations. The deal awaits regulatory approvals and is expected to close in early 2027.

HSBC Bank Australia has agreed to sell its AUD36 billion home and personal loan book to Blackstone-managed funds, marking a significant retreat from retail banking. The deal awaits regulatory approvals and is expected to close in H1 2027.

HSBC Bank Australia is exiting its retail loan business by selling a AUD36 billion home and personal loan portfolio to Blackstone-managed funds, with completion targeted for early 2027 pending regulatory approval.

HSBC Bank Australia has struck a deal to offload its AUD36 billion home and personal loan book to Blackstone-managed funds, marking a strategic retreat from retail lending and a reshaping of its Australian operations.

ClearView Wealth’s acquisition by Zurich Financial Services Australia has cleared its final legal hurdle, triggering a trading halt and scheduled shareholder payouts including a special dividend and cash scheme consideration.

CZR Resources has launched a recommended takeover bid for Zuleika Gold, backed by a robust $65 million cash position and promising drilling results at its Croydon Gold Project.

Pepper Money is set to become the servicer for a massive A$36 billion loan portfolio from HSBC Australia following its acquisition by a Blackstone-controlled entity, aligning with Pepper Money's strategy to expand its capital-light servicing business.

Far East Gold has boosted its stake in the Idenburg Gold Project to 51%, revealing a 44% increase in inferred gold resources to 780,000 ounces. The company’s Independent Board Committee advises shareholders to reject an unsolicited takeover bid from Xingye Gold, which an expert deems undervalues the company.

The Supreme Court of New South Wales has approved Zurich’s acquisition of ClearView, setting a clear timetable for scheme implementation and shareholder payouts.

Hammer Metals has agreed to be acquired by Larvotto Resources in a $61.2 million scheme that includes a demerger of its WA gold assets, while facing a higher non-binding $80.7 million proposal from Austral Resources. The board backs Larvotto’s offer pending independent expert approval, as drilling at Kalman advances resource confidence.

A major Zenith Minerals shareholder has lodged a formal application with the Takeovers Panel contesting Forrestania Resources’ recommended takeover bid, citing undisclosed material developments and questionable share acquisitions that may have distorted the market for control.