‘Frenzy’ in Australian deals as investors swoop on cheap assets - FT中文网
登录×
电子邮件/用户名
密码
记住我
请输入邮箱和密码进行绑定操作:
请输入手机号码,通过短信验证(目前仅支持中国大陆地区的手机号)。如果该手机号尚未注册,将自动创建 FT中文网账号。短信可能需要几分钟送达,验证码15分钟内有效,请耐心等待:
请您阅读我们的用户注册协议和隐私权保护政策,点击下方按钮即视为您接受。
商业快报

‘Frenzy’ in Australian deals as investors swoop on cheap assets

EQT strikes $6.5bn deal for waste management group and Dai-ichi Life targets wealth manager
00:00

{"text":[[{"start":6.821,"text":"Three of Australia’s largest listed companies are set to disappear from the public markets as foreign buyers pounce on targets with attractive valuations."}],[{"start":15.288,"text":"Swedish private equity firm EQT on Monday agreed to take over Cleanaway Waste Management in a deal that valued the Australian business at A$9.3bn (US$6.5bn) including A$2.3bn of debt."}],[{"start":30.305,"text":"The offer was pitched at a 32 per cent premium to the refuse collection and recycling company’s share price in August prior to a nonbinding agreement being launched by EQT."}],[{"start":39.743,"text":"Cleanaway chair Samantha Hogg said the board concluded that the offer delivered “strong and certain cash value to shareholders at a significant premium” to the undisturbed share price and recommended it to shareholders."}],[{"start":51.313,"text":"It is the latest move by the Swedish firm to target Australia after it acquired the Melbourne Storm rugby league team in August and launched multiple bids for wealth manager Perpetual."}],[{"start":62.28,"text":"Meanwhile, Japan’s Dai-ichi Life launched a near-A$8bn offer to buy out investment manager and retirement income company Challenger Group after building a stake of more than 20 per cent in the Australian business last year."}],[{"start":75.36,"text":"The offer, which Challenger’s board said it would consider, is pitched at a premium of about 20 per cent to the closing share price on Friday."}],[{"start":82.288,"text":"A third takeover was confirmed on Monday when FleetPartners agreed to a A$1.1bn takeover from SG Fleet, owned by Australian fund Pacific Equity Partners, which fought off competition from Japanese bidders to take over the vehicle management business."}],[{"start":95.84,"text":"An initial approach at A$3.60 a share in July was rebuffed before a A$5.30 a share offer was agreed over the weekend."}],[{"start":105.181,"text":"The spate of deals comes against a backdrop of increasing interest in Australian-listed assets with companies including plumbing company Reliance Worldwide and insurance broker Steadfast agreeing to multibillion-dollar takeovers by foreign funds."}],[{"start":119.24,"text":"Meanwhile gold miner Northern Star and education company IDP have knocked back takeover offers. Insurance companies IAG and Suncorp are also in the sights of a Japanese suitor."}],[{"start":129.392,"text":"Shares in Cleanaway closed 20 per cent higher after the EQT deal was announced, while Challenger jumped 19 per cent and Fleet Partners gained 7 per cent."}],[{"start":138.42,"text":"Ron Shamgar, head of Australian equities at Tamim Asset Management, said the premiums being paid by buyers underlined the “massive gap” between valuations in the private and public markets, with the backdrop of higher bond yields and interest rate rises driving M&A."}],[{"start":153.709,"text":"“It’s a frenzy of deals,” he said, adding that he expected five to 10 more offers to be agreed before Christmas given market conditions."}],[{"start":161.516,"text":"Esther Holloway, an analyst with Morningstar, said in a note that a pullback in the equity markets had triggered takeover offers."}],[{"start":168.36,"text":"She said EQT’s bid for Cleanaway looked “fair” with environmental regulations restricting the development of new urban landfills. That has forced companies to invest in alternative assets, such as recycling, which has proved expensive and produced lower returns than traditional sites."}],[{"start":187.4,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1792399107_4658.mp3"}

版权声明:本文版权归FT中文网所有,未经允许任何单位或个人不得转载,复制或以任何其他方式使用本文全部或部分,侵权必究。

“鲁珀特不想和失败者为伍”:默多克的媒体帝国对特朗普态度转冷

共和党遭遇失利后,福克斯新闻主持人质疑对伊朗战争的战略,《纽约邮报》则在头版刊出“蓝色海啸”。

Lex专栏:美国选民给数据中心建设热潮降温,未必是坏事

美国中期选举结果可能影响45%的数据中心扩建计划,但对投资者而言,这未尝不是好消息。

英国移民改革:有哪些变化?谁受益?

根据周一公布的改革计划,高收入者及其雇主可能从中受益,但英国也可能因此吓退国际学生。

电力的隐秘力量

能源转型并不像人们让我们以为的那样不可能。

FT社评:AI信贷市场寒意渐浓

投资者要求更高回报,才愿意为数据中心建设热潮提供融资。
1天前

预计朝鲜黑客需数月才能洗白从币安窃取的数十亿美元

被盗的代币在公有区块链上对执法部门可见,但黑客正着手展开一套冗长而复杂的操作,试图将这些代币拆分成小额,通过多个平台转移。
设置字号×
最小
较小
默认
较大
最大
分享×