BUSINESSMEN – AUSTRALIA

Bolton backs Cat’s bid to halt Fairfax deal

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Original article by Lilly Vitorovich
The Australian – Page: 17 & 28 : 27-Nov-18

Nine Entertainment Company and Fairfax Media will seek final approval by the Federal Court for their proposed merger on 27 November. It has been revealed that businessman Nick Bolton is one of the financial backers of a legal challenge to the merger that has been launched by former Domain CEO Antony Catalano. Bolton has a 49 per cent stake in Aurora Funds Management, which will join Catalano in his bid to block the deal. More than 81 per cent of Fairfax shareholders had voted in favour of the merger.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, FEDERAL COURT OF AUSTRALIA, AURORA FUNDS MANAGEMENT LIMITED, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, BRISCONNECTIONS UNIT TRUSTS, MACQUARIE GROUP LIMITED – ASX MQG, AUSTRALIAN STYLE INVESTMENTS PTY LTD, THIESS JOHN HOLLAND, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, MACQUARIE MEDIA LIMITED – ASX MRN, 2GB, 3AW SOUTHERN CROSS RADIO PTY LTD

Williams chasing Cup three-peat

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Original article by James Thomson
The Australian Financial Review – Page: 3 : 6-Nov-18

Australian businessman Lloyd Williams is confident of winning a seventh Melbourne Cup with Irish horse "Yucatan". Williams is a co-owner of the Cup favourite, whose other owners include fellow entrepreneurs Brian Singer, Alan Green and Gerry Ryan. Williams is also the co-owner of another Melbourne Cup contender, "The Cliffs of Moher". Horses owned by Williams won the Melbourne Cup in 2016 and 2017.

CORPORATES
COOLMORE STUD

Palmer shares his big coal dream

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Original article by Mark Ludlow
The Australian Financial Review – Page: 6 : 12-Sep-18

Queensland Premier Annastacia Palaszczuk says the state does not need another coal-fired power station. She was commenting on the announcement by businessman Clive Palmer that he intends to build a $1.5 billion low-emissions coal-fired power station in the Galilee Basin. The proposed station would be located on Palmer’s Waratah Coal tenements, and would be the first coal-fired power stations built in decades if Palmer’s plans come to fruition.

CORPORATES
WARATAH COAL PTY LTD, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, ADANI MINING PTY LTD, GVK POWER AND INFRASTRUCTURE LIMITED, HANCOCK PROSPECTING PTY LTD

Fortescue delivers payday to Forrest

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Original article by Matt Chambers
The Australian – Page: 20 : 21-Aug-18

Fortescue Metals Group chairman and founder Andrew Forrest will be paid a total of $239m in dividend payments for the 2017-18 financial year. Forrest has received total franked dividend payments of $1.3bn before tax since 2011, with the bulk of these dividends being invested in his philanthropic organisation, the Minderoo Foundation. His 33.36 per cent stake in Fortescue is worth $4.33bn, based on the stock’s closing price of $4.26 on 20 August.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, MINDEROO FOUNDATION, AUSTRALIAN INDUSTRIAL ENERGY, SQUADRON ENERGY, HOEGH LNG

Forrest joins Bishop in China media attack

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Original article by Brad Thompson
The Australian Financial Review – Page: 15 : 16-May-18

Fortescue Metals Group has exported more than one billion tonnes of iron ore since its inaugural shipment to a Chinese customer in May 2008. Fortescue founder Andrew Forrest has marked the 10th anniversary by criticising the Australian media’s coverage of China. He was especially scathing of the print media’s on the negative aspects of Australia’s relationship with China. Meanwhile, Forrest said Fortescue is progressing with its expansion into South America, as well as plans to diversify into other minerals.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, SHANGHAI BAOSTEEL GROUP CORPORATION

Crown execs support Packer exit

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Original article by Sarah-Jane Tasker, Christine Lacy
The Australian – Page: 17 & 27 : 22-Mar-18

Shares in Crown Resorts closed almost one per cent lower at $A12.95 on 21 March, after major shareholder James Packer resigned from the board for personal reasons. Packer’s private company, Consolidated Press Holding, subsequently attributed his resignation to mental health issues. Crown Resorts has been under scrutiny in recent years over a series of scandals, including allegations that it had tampered with poker machines at Crown Melbourne and the arrest of Crown employees in China in 2016.

CORPORATES
CROWN RESORTS LIMITED – ASX CWN, CONSOLIDATED PRESS HOLDINGS LIMITED, BEYOND BLUE AUSTRALIA PTY LTD, VICTORIAN COMMISSION FOR GAMBLING AND LIQUOR REGULATION, VICTORIA. AUDITOR-GENERAL’S OFFICE, SEVEN NETWORK LIMITED

Price doubts over Forrest LNG plan

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 14 : 27-Feb-18

BlueScope CEO Mark Vasella is supportive of plans by a venture backed by Andrew Forrest to import LNG into the New South Wales market. Port Kembla is one of three sites envisaged for the project, and Vasella says this would be the best choice, as it is close to customers and infrastructure. Energy Users Association of Australia head Andrew Richards has also welcomed news of the project, while a spokesperson for AGL, which is considering a similar import project in Victoria, said it backs the idea of new supply.

CORPORATES
BLUESCOPE STEEL LIMITED – ASX BSL, AGL ENERGY LIMITED – ASX AGL, ENERGY USERS ASSOCIATION OF AUSTRALIA, JERA, WOOD MACKENZIE, WOODSIDE PETROLEUM LIMITED – ASX WPL, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, WESFARMERS LIMITED – ASX WES, GLENCORE AUSTRALIA PTY LTD

Twiggy, Japan Inc plan to ship LNG to NSW

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Original article by Matthew Stevens
The Australian Financial Review – Page: 1 & 2 : 26-Feb-18

Billionaire iron ore miner Andrew Forrest is believed to be the dominant partner in a new venture, Australian Industrial Energy. AIE, in which Japanese trading companies Marubeni and JERA are also involved, is planning to transport LNG to a yet-to-be decided port in New South Wales, where a re-gasification terminal would be established. It is understood that the volume of gas that the terminal would be capable of delivering is equivalent to about 70 per cent of total NSW demand.

CORPORATES
AUSTRALIAN INDUSTRIAL ENERGY, MARUBENI CORPORATION, JERA, SANTOS LIMITED – ASX STO, SHELL COMPANY OF AUSTRALIA LIMITED, SQUADRON ENERGY, DUET GROUP, TOYKO ELECTRIC POWER COMPANY, CHUBU ELECTRIC POWER COMPANY INCORPORATED, GENERAL ELECTRIC COMPANY, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, BLUESCOPE STEEL LIMITED – ASX BSL, BRICKWORKS LIMITED – ASX BKW, QENOS PLASTICS PTY LTD, INCITEC PIVOT LIMITED – ASX IPL, ORICA LIMITED – ASX ORI, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AGL ENERGY LIMITED – ASX AGL

M&A talk as Gordon lifts Prime interest

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Original article by Dana McCauley, Bridget Carter
The Australian – Page: 21 : 2-Feb-18

Sources have indicated that WIN Corporation owner Bruce Gordon has increased his stake in Prime Media Group from 14.99 per cent to 24 per cent. The transaction, which is believed to have been carried out via cash-settled equity swaps, has prompted speculation that Gordon could seek to merge the two regional TV broadcasters in the wake of cross-media ownership reforms. Meanwhile, Perpetual has reduced its stake in Prime from 13.1 per cent to 7.4 per cent.

CORPORATES
PRIME MEDIA GROUP LIMITED – ASX PRT, WIN CORPORATION PTY LTD, PERPETUAL LIMITED – ASX PPT, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, DEUTSCHE BANK AG

Meet the new Qantas chairman

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Original article by Michael Smith
The Australian Financial Review – Page: 28 : 7-Nov-17

Richard Goyder will be stepping down as CEO of Wesfarmers in the week commencing 13 November, and will be joining the board of Qantas Airways in the same week. There is every expectation that Goyder will become the next Qantas chairman, with incumbent Leigh Clifford likely to step aside towards the end of 2018. Goyder is already the chairman of the Australian Football League Commission, and is due to take over as chairman of Woodside Petroleum in April 2018.

CORPORATES
WESFARMERS LIMITED – ASX WES,QANTAS AIRWAYS LIMITED – ASX QAN,AUSTRALIAN FOOTBALL LEAGUE COMMISSION,WOODSIDE PETROLEUM LIMITED – ASX WPL,ORICA LIMITED – ASX ORI,ORIGIN ENERGY LIMITED – ASX ORG