MERGERS AND ACQUISITIONS – NEW SOUTH WALES

Yancoal strengthens coal position

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Original article by Tess Ingram
The Australian Financial Review – Page: 21 : 28-Sep-17

Yancoal Australia will lift its stake in the Warkworth coal project in New South Wales to 84.5 per cent. The Chinese-backed company will acquire a 28.9 per cent stake in the project from Mitsubishi Development after exercising an option. The deal requires approval from the Foreign Investment Review Board. The Warkworth joint venture is part of the Hunter Valley coal assets that Yancoal bought from Rio Tinto for $US2.69bn earlier in 2017.

CORPORATES
YANCOAL AUSTRALIA LIMITED – ASX YAL, RIO TINTO LIMITED – ASX RIO, MITSUBISHI DEVELOPMENT PTY LTD, COAL AND ALLIED INDUSTRIES LIMITED, GLENCORE PLC, POSCO, NIPPON STEEL AND SUMITOMO METAL CORPORATION, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

McGrath sale makes way for float

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Original article by Robert Harley
The Australian Financial Review – Page: 34 : 7-Oct-15

Australian real estate group McGrath will buy out franchisee Shane Smollen, who operates 10 real estate agencies in Sydney under the McGrath banner. Smollen boasts a sales team of 65 and manages some 2,200 rental properties. McGrath had 12 company-owned offices and about 60 franchises prior to the deal with Smollen.

CORPORATES
McGRATH REAL ESTATE PTY LTD

Perisher deal may lift chalet prices

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Original article by Samantha Hutchinson
The Australian Financial Review – Page: 46 : 2-Apr-15

US-based Vail Resorts has bought the Perisher ski resort in New South Wales. Real estate agents expect the deal to result in higher property values in the alpine region. Figures from CoreLogic RP Data show that the median price for residential property in Jindabyne fell by 3.25 per cent between 2013 and 2014, to $A395,917. Only 17 transactions were made in this period

CORPORATES
VAIL RESORTS INCORPORATED, PERISHER BLUE PTY LTD, CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, ZIRTANIUM PTY LTD, ZIRKY REAL ESTATE, AMALGAMATED HOLDINGS LIMITED – ASX AHD, MERLIN ENTERTAINMENTS GROUP LIMITED