Record-low rates spur Australia M&A frenzy in 2021

Tuesday, July 20, 2021
Record-low rates spur Australia M&A frenzy in 2021 © Reuters. FILE PHOTO: The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex in Melbourne, Australia, June 13, 2017. REUTERS/Jason Reed

(Reuters) -Australia is seeing a flurry of deal-making so far this year, as record-low interest rates have given institutional investors and companies a well-funded war chest to chase higher valuations.

From potentially one of Australia's biggest-ever buyouts to a multi-party tussle for a troubled casino giant, here are some of the major deals Down Under in 2021:

Vocus Group - Macquarie/Aware Super

Vocus Group in March agreed to a A$3.5 billion ($2.61 billion) takeover offer from a consortium of a Macquarie fund and pension fund Aware Super.

Orocobre (OTC:OROCF) - Galaxy Resources (OTC:GALXF)

Orocobre Ltd in April agreed to buy Galaxy Resources for $1.4 billion to create the world's fifth most valuable lithium producer.

BINGO Industries - Macquarie

Waste management firm BINGO Industries in April agreed to a A$2.3 billion ($1.72 billion) buyout offer from funds managed by Macquarie.

Tilt Renewables - PowAR/Mercury NZ

New Zealand-listed Tilt Renewables in April agreed to a NZ$3.07 billion ($2.15 billion) bid from a consortium including AGL Energy (OTC:AGLXY), Australia's sovereign wealth fund, and Mercury NZ.

Tabcorp - Entain/Apollo Global/Betmakers

UK's Entain in February offered to buy betting firm Tabcorp Holdings' wagering and media business. In April, it sweetened its offer to A$3.5 billion ($2.61 billion).

In May, Apollo Global Management (NYSE:APO) matched Entain's offer, and BetMakers Technology jumped in with a A$4 billion ($2.98 billion) bid.

Crown Resorts - Blackstone/Star Entertainment

Casino giant Crown Resorts in March received a A$8 billion ($5.97 billion) buyout proposal from Blackstone (NYSE:BX) and a A$9 billion ($6.71 billion) all-stock offer from peer Star Entertainment Group in May.

Oaktree Capital Group is also in the race for Crown.

Washington H Soul Pattinson - Milton Corp

Australia's Washington H Soul Pattinson said in June it will buy Milton Corp in a deal that values the target at A$4.05 billion ($3.02 billion).

Ramsay Health Care - Spire (NYSE:SR) Healthcare

Hospital operator Ramsay Health Care said in May it would buy British peer Spire Healthcare for 1 billion pounds ($1.38 billion).

In July, Ramsay sweetened its bid to 1.04 billion pounds ($1.44 billion).

Boral (OTC:BOALY) - Seven Group

In May, diversified investor Seven Group offered to buy shares it does not already own in Boral, valuing the building materials supplier at $6.23 billion.

In July, Seven raised its offer to A$8.75 billion ($6.53 billion), which was rejected.

National Australia Bank (OTC:NABZY) - Citigroup (NYSE:C)

National Australia Bank, the country's third-largest lender, said in July it was in talks with Citigroup to buy the U.S. bank's Australian consumer business.

Sydney Airport - Sydney Aviation Alliance

A consortium called Sydney Aviation Alliance in July made a A$22.26 billion ($16.61 billion) play for Sydney Airport Holdings. If the deal goes through, it will be one of the biggest ever in Australia.

Spark Infrastructure - KKR/Ontario Teachers' Pension Plan Board

In July, Spark Infrastructure received a A$4.91 billion ($3.67 billion) takeover bid from a consortium including KKR and Canada's Ontario Teachers' Pension Plan Board.

Oil Search (OTC:OISHY) - Santos

Papua New Guinea-focused oil and gas producer Oil Search in July rejected Santos Ltd's A$8.80 billion ($6.5 billion) bid, but said it was open to revised offer.

Leave your comment
03-08-2021 08:03:58 (UTC+7)

EUR/USD

1.1872

+0.0005 (+0.04%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (4)

EUR/USD

1.1872

+0.0005 (+0.04%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (4)

GBP/USD

1.3895

+0.0014 (+0.10%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (4)

USD/JPY

109.31

+0.03 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (0)

AUD/USD

0.7369

+0.0009 (+0.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

USD/CAD

1.2495

-0.0014 (-0.11%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (0)

EUR/JPY

129.77

+0.09 (+0.07%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (6)

Sell (1)

EUR/CHF

1.0749

+0.0005 (+0.05%)

Summary

Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (2)

Sell (1)

Gold Futures

1,815.45

-6.75 (-0.37%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (2)

Silver Futures

25.465

-0.110 (-0.43%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (5)

Copper Futures

4.4345

+0.0027 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Crude Oil WTI Futures

71.59

+0.33 (+0.46%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

Brent Oil Futures

73.22

+0.13 (+0.18%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (8)

Natural Gas Futures

3.974

+0.014 (+0.35%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (4)

US Coffee C Futures

172.95

-6.60 (-3.68%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Euro Stoxx 50

4,116.62

+27.32 (+0.67%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

S&P 500

4,387.11

-8.15 (-0.19%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (5)

DAX

15,568.73

+24.34 (+0.16%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

FTSE 100

7,081.72

+49.42 (+0.70%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

Hang Seng

26,148.00

+240.00 (+0.93%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (4)

US Small Cap 2000

2,218.51

-7.74 (-0.35%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (2)

IBEX 35

8,758.70

+83.00 (+0.96%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (4)

BASF SE NA O.N.

66.305

-0.005 (-0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Bayer AG NA

50.57

+0.21 (+0.42%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

Allianz SE VNA O.N.

194.20

-16.15 (-7.68%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

Adidas AG

318.15

+11.30 (+3.68%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

Deutsche Lufthansa AG

9.531

-0.017 (-0.18%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Siemens AG Class N

135.28

+3.46 (+2.62%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (3)

Deutsche Bank AG

10.510

-0.175 (-1.64%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

 EUR/USD1.1872↑ Sell
 GBP/USD1.3895Neutral
 USD/JPY109.31↑ Buy
 AUD/USD0.7369↑ Buy
 USD/CAD1.2495↑ Buy
 EUR/JPY129.77Neutral
 EUR/CHF1.0749Buy
 Gold1,815.45↑ Buy
 Silver25.465↑ Sell
 Copper4.4345↑ Buy
 Crude Oil WTI71.59↑ Sell
 Brent Oil73.22↑ Sell
 Natural Gas3.974↑ Sell
 US Coffee C172.95↑ Sell
 Euro Stoxx 504,116.62↑ Sell
 S&P 5004,387.11Sell
 DAX15,568.73↑ Sell
 FTSE 1007,081.72↑ Sell
 Hang Seng26,148.00Sell
 Small Cap 20002,218.51Buy
 IBEX 358,758.70Neutral
 BASF66.305↑ Sell
 Bayer50.57↑ Sell
 Allianz194.20↑ Buy
 Adidas318.15↑ Buy
 Lufthansa9.531↑ Sell
 Siemens AG135.28Buy
 Deutsche Bank AG10.510↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,660/ 5,720
(5,660/ 5,720) # 643
SJC HCM5,650/ 5,720
(0/ 0) # 688
SJC Hanoi5,650/ 5,722
(0/ 0) # 690
SJC Danang5,650/ 5,722
(0/ 0) # 690
SJC Nhatrang5,650/ 5,722
(0/ 0) # 690
SJC Cantho5,650/ 5,722
(0/ 0) # 690
Cập nhật 03-08-2021 08:04:00
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,811.30-2.46-0.14%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2178022210
RON 95-II,III2168022110
E5 RON 92-II2049020890
DO 0.05S1637016690
DO 0,001S-V1672017050
Dầu hỏa1539015690
ↂ Giá dầu thô thế giới
WTI$71.30-0.24-0.34%
Brent$73.30+1.311.79%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.820,0023.050,00
EUR26.546,4127.927,80
GBP31.098,6932.397,78
JPY204,02214,72
KRW17,2420,99
Cập nhật lúc 07:59:47 03/08/2021
Xem bảng tỷ giá hối đoái