- Location
FIRB
"-
Australian Regulator Approves Saputo's $1bn Acquisition of Murray Goulburn
Apr 8, 2018Australia’s competition regulator has approved the CAD1.29bn ($1.01bn) acquisition of Murray Goulburn Co-Operative (MG) by Canadian dairy producer Saputo. The Australian Competition & Consumer Commission (ACCC) said that it will not ...
Tags: Murray Goulburn, dairy plant
-
China's Fuyuan to Acquire Majority Stake in Burra Foods
May 9, 2016Australian dairy processor Burra Foods has signed an agreement with dairy farming company Inner Mongolia Fuyuan Farming, allowing the company to gain a majority shareholding in it. The move is part of Burra's growth plans to improve ...
Tags: Burra Foods, dairy processor
-
Concerns on Infant Formula Prices with Chinese Go-Ahead to Buy Australia's Largest Dairy
Feb 29, 2016The Australian Federal Government's Foreign Investment Review Board (FIRB) is allowing China's Moon Lake Investments to acquire Australia's largest dairy producer, Van Diemen's Land Company (VDL). The purchase price is AUD$280 million for ...
-
Australia Approves Sale of Dairy Farm Tasmanian Land to China-Based Moon Lake Investments
Feb 29, 2016The Australian treasury has given its approval to the sale of the country's largest dairy farm Tasmanian Land Company (TLC) including Van Diemen's Land Company (VDL), to Chinese billionaire Lu Xianfeng's Australian arm Moon Lake Investments ...
Tags: VDL, Dairy Farm
-
The Australian and New Zealand Delivery Market Is Worth $A 3 Billion and Growing
May 12, 2015Australia’s love for takeaway meals is a major reason for the UK’s online delivery service Just Eat moving to acquire Australia’s equivalent Menulog for $A855 million. The Australian and New Zealand delivery market is ...
-
FIRB Has Approved $1.13bn Bid by Jbs Usa to Acquire Australian Consolidated Food Holdings
Mar 6, 2015The Australian Foreign Investment Review Board (FIRB) has approved $1.13bn bid by JBS USA to acquire Australian Consolidated Food Holdings (Primo), said treasurer Joe Hockey. With this approval, US subsidiary of the Brazilian meat ...
Tags: meat processing, Pork
-
Parmalat Australia Has Signed an Agreement to Acquire Longwarry Food Park
Dec 23, 2014Parmalat Australia, a subsidiary of Parmalat, has signed an agreement to acquire Longwarry Food Park, which specialises in the production of milk powders, cream cheese, plus fresh and UHT milk products. The stipulated enterprise value of ...
Tags: milk products, cream cheese, Agriculture
-
FTA Has Been Finalised Between Australia and China
Nov 25, 2014Dairy and meat industry boost from new China FTA deal A new Free Trade Agreement (FTA) has been finalised between Australia and China, with the Australian dairy and meat industries expected to benefit. Australian Prime Minister Tony ...
Tags: Dairy Industry, Meat Industry, Agriculture
-
Australian Exporters Will Benefit From an Historic Trade Agreement
Nov 19, 2014Chinese President Xi Jinping. Australian exporters are set to benefit from an historic trade agreement signed between Australia and its largest trading partner, China. This deal, which took nine years of negotiation, represents a victory ...
Tags: PTA, Australian exporters, agriculture
-
Murray Goulburn Announced Withdraw Bid for WCB and Withdrawn Authorisation Application
Jan 26, 2014Murray Goulburn Co-operative Co. Limited (MG) today announced that as a result of Saputo Inc (Saputo) acquiring a controlling interest in Warrnambool Cheese and Butter Factory Company Holdings Limited (WCB), it intends to seek the consent ...
-
ADM Proposed Acquisition of Grain Handler Graincorp Rejects by The Australian Government
Dec 2, 2013US-based Archer Daniels Midland's (ADM) proposed acquisition of grain handler GrainCorp for A$3.4bn ($3.1bn) has been rejected by the Australian Government over concerns that the deal would go against the national interest. The move comes ...
-
Australia Extends The Deadline for a Foreign Investment Decision
Oct 10, 2013Australian Treasurer Joe Hockey has extended the deadline for a foreign investment decision on Archer Daniels Midland's (ADM) proposed A$3bn ($2.8bn) take over of grain handler GrainCorp until 17 December. The decision on the deal will be ...
Tags: Graincorp
-
ACCC Will Not Oppose The Proposed Acquisition by Air New Zealand Limited
Sep 6, 2013The Australian Competition and Consumer Commission will not oppose the proposed acquisition by Air New Zealand Limited (Air New Zealand) of an additional 6 per cent of Virgin Australia Holdings Pty Ltd (Virgin). On 3 September 2013, the ...
-
Chinese State-owned Yanzhou Coal Mining's Proposal to Acquire The 22% of Shares
Jul 12, 2013Chinese state-owned Yanzhou Coal Mining's proposal to acquire the 22% of shares it does not own in Australian coal producer Yancoal Australia for A$905 million ($822 million) might violate strict foreign investment conditions set by the ...
Tags: Coal Mining, Chemicals
-
Singapore Airlines Will Not Object to SIA's Proposed Increase of Its Stake to 19.9%
Jun 26, 2013Singapore Airlines has received confirmation from Australia's Foreign Investment Review Board (FIRB) that it will not object to SIA's proposed increase of its stake in Virgin Australia to 19.9%. FIRB approval will enable Singapore ...
