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Showing 11 - 20 of 364 results for "divestment"

Stonepeak acquires gas distribution network in Queensland

RIDDHIMA TALWANI  |  THURSDAY, 18 DEC 2025
... represent less than 1% of its FY25 underlying EBITDA. APA chief executive and managing director Adam Watson said the divestment reflects its focus on reviewing its portfolio to simplify the business. It recently divested its networks business, pulling ...

Ontario Teachers' sells majority stake in Sydney desalination plant

ANGELIQUE MINAS  |  TUESDAY, 9 DEC 2025
Ontario Teachers' Pension Plan (OTPP) has sold its 60% stake in the Sydney Desalination Plant (SDP) to Utilities Trust of Australia (UTA). The asset has been co-owned by the two firms since 2012, with UTA previously owning 40% of SDP and acquiring ...

Clime shutters two funds, offloads retail book

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
... performing Clime Australian Income Fund and our much smaller Clime Smaller Companies Fund," he said. With respect to the divestment, three staff members attached to the retail business will move to a new licensee. Clime managing director Michael Baragwanath ...

Super moves: ART, AustralianSuper, Rest, Unisuper

ELIZABETH FRY  |  THURSDAY, 20 NOV 2025
Australian Retirement Trust's former private equity lead Adam Murphy has joined the Dilmon family office of former Emir of Qatar, Sheikh Hamad bin Khalifa Al Thani. Dilmon has recently been expanding its global presence and recruiting a multi-strategy ...

HESTA, Vision Super divest Israeli securities

KARREN VERGARA  |  FRIDAY, 7 NOV 2025
... news as a "huge win" following two years of campaigning to pass workplace motions, collect signatures and develop a divestment clause for enterprise agreements. Vision Super did not respond to requests for comment for this article. The two super funds ...

Norway wealth fund told to pause ethical divestments

JAMIE WILLIAMSON  |  THURSDAY, 6 NOV 2025
... Management while it updates the fund's ethical guidelines. The fund has been under scrutiny of late over some of its divestment decisions, including most recently its divestment from Caterpillar in August over the use of its equipment by the IDF. It ...

PGIM appoints two real estate business stalwarts

MATTHEW WAI  |  MONDAY, 13 OCT 2025
... AMRO Bank. Meanwhile, Carr will oversee the equity transaction team and lead origination, investment execution and divestment activities across Australia. He brings over two decades of experience in Australian real estate development and transactions ...

Igneo divests 15.3% stake in Adelaide Airport

RIDDHIMA TALWANI  |  MONDAY, 13 OCT 2025
... a strategic review of Igneo's portfolio, assessing each asset's ability to meet its investment objectives. The divestment is expected to be completed this month. Igneo has been an investor in Adelaide Airport since its privatisation in May 1998. ...

Australian Unity reveals profit turnaround

ELIZA BAVIN  |  FRIDAY, 29 AUG 2025
In the year to 30 June 2025, Australian Unity reported consolidated revenues of $2.6 billion, up $505.6 million. Adjusted EBITDA from continuing operations was $136.2 million, an increase of $65.8 million, and statutory profit after tax of $26.6 million ...

Count sees $5.1m cost synergies from Diverger integration

ELIZA BAVIN  |  THURSDAY, 28 AUG 2025
... transactions during the year, which it said reflected the disciplined execution of its M&A strategy, including the divestment of underperforming assets.