News Articles for Deutsche Bank

Western Australia has recorded the largest drop in retail sales in December compared to other states and territories, according to the latest monthly retail turnover data released by the Australian Bureau of Statistics.

Free to read: WA will be relying on strong export industries to keep its economy afloat, with domestic industries employing a total of 250,000 Western Australians having closed or severely reduced operations due to COVID-19.

Support for businesses to hold on to workers should be prioritised over cash handouts for households, according to Deutsche Bank, which forecasts Australia's economy will fare better than most with a contraction of only 0.1 per cent in 2020.

Our weekly appointment wrap includes Joseph Longo, Jason Grace, Danielle Davison and Samantha Reece.

SPECIAL REPORT: WA companies participated in 175 corporate finance transactions worth $7.6 billion in the September quarter, with one of the most complex and innovative being the recapitalisation of Eastern Goldfields.

Ausdrill has announced its first major acquisition since the retirement of founder Ron Sayers last month, with the company set to purchase mining services contractor Barminco in a cash and scrip deal worth $271.5 million, while also announcing a $250 million capital raising.

ANZ is facing criminal charges over alleged cartel conduct related to a $2.5 billion share placement, while two of the underwriters to the deal, Citi and Deutsche Bank, also received notice of charges.

King & Wood Mallesons Partner Nathan Collins, who was involved in the debt restructuring of troubled uranium miner Paladin Energy, says the deal, which left existing shareholders with a 2 per cent stake, was the only real option for the company.

The US private equity firm aiming to buy Santos has raised its bid for a third time, valuing the local oil and gas producer at about $13.5 billion.

The arrival in Australia of a US-based website could give used-car buyers more power per transaction.

Uranium miner Paladin Energy has confirmed the approval of its recapitalisation deal, which will leave existing shareholders with a 2 per cent stake in the company, and appointed Daniel Harris and David Riekie to the board.

Shareholders in uranium miner Paladin Energy will end up owning just 2 per cent of the company under a recapitalisation plan that will include a major debt for equity swap and a $US115 million high yield secured note raising.

SPECIAL REPORT: A flurry of deals over the past fortnight, including four acquisitions by international companies expanding in Western Australia and the year's largest capital raising, has added life to a flat corporate finance market.

CBH Group is planning to launch a full review of its cooperative structure after formally rejecting a proposal from Australian Grains Champion to corporatise and list the business on the ASX.

Sydney-based GrainCorp has emerged as a cornerstone investor in a bid to corporatise and list CBH Group, through a complex deal that would deliver up to $1 billion in cash plus share

SPECIAL REPORT: Livestock exporter Wellard has had a rocky start to life as a listed company after completing Western Australia's second-largest capital raising of 2015, and the state's sixth-largest initial public offerings of all time. Wellard's $299 million IPO was one of the few high points of 2015, when a lack of mining deals led a sharp slide in overall capital raising activity.

Wellard chief executive Mauro Balzarini rung the bell at the ASX's Perth office this morning as the company's shares began trading for the first time.

Live cattle exporter Wellard is set to list at $1.39 per share, launching a prospectus to raise close to $300 million to give the business a market capitalisation of almost $560 million.

The upcoming float of livestock exporter Wellard is set to be the fifth biggest in Western Australia's history, and will also stretch the market lead of investment bank UBS, according to research by Business News.

Wellard managing director Mauro Balzarini is planning to sell a 60 per cent stake in the livestock export business through an initial public offering (IPO) that will be one of Western Australia's largest.

A series of major trade sales and the prospect of one of WA's biggest-ever IPOs were highlights in what remained subdued capital markets in the September quarter. Also in our special report, how a surge in backdoor listings is attracting Silicon Valley entrepreneurs.

Santos has announced a sweeping strategic review after managing director David Knox agreed to step down from the oil and gas producer following a protracted decline in investor support and an 82 per cent plunge in first-half profit.

Mining company profits have fallen for the fourth consecutive quarter, taking their decline in the year to March to 25.7 per cent, according to the latest business indicators released by the Austra

As smaller iron ore miners scramble to cut costs to deal with falling prices, another hurdle looms – customers' preference for quality.

Shares in Canada-focused coal developer Coalspur Mines surged after the company announced it had received a $15 million takeover proposal from KC Euroholdings.

We've analysed 450 WA takeovers and capital raisings worth $18 billion to rank the top advisers, brokers and lawyers.

Perth finance house Euroz has reported a first-half loss as a result of weak conditions in its core stockbroking business and write-downs in the value of its listed investment companies.

A University of Western Australia doctoral student has found major banks were exploiting price sensitive information through the London Gold Fix and has predicted the demise of the system before the end of the year.

Investor interest in base metals stocks is rising, as iron ore process continue to slide south.

Wayne Zekulich has returned to his investment banking roots to head Deutsche Bank's Perth office.

Deutsche Bank's latest analysis of Boral has rekindled debate over a potential move on the Buckeridge Group.

Perth's newest skyscraper, Brookfield Place, has been named Australian development of the year by the Property Council of Australia.

Australia has been identified as the world's most expensive major economy, with the cost of living in Sydney and Melbourne now greater than in Tokyo, London and New York City.

Continued growth of the Pilbara as an export-focused iron ore province received a huge boost today when Chinese steel giant Baosteel and Australian railway operator Aurizon teamed up to bid for the Perth company behind a $6 billion port and rail project.

The past year has been tough for listed WA companies looking to raise funds but a lift in activity during the past three months has the industry cautiously optimistic.

Embattled lithium producer Galaxy Resources has announced a deeply discounted $47 million rights issue to give the company a much needed cash injection.

TWO years ago, Regis Resources had yet to prove itself as a solid Western Australian gold producer; it was on the verge of its first gold pour from the Moolart Well mine in the Duketon Gold Project

A DECADE ago, engineering and construction contractor Monadelphous Group just made it into a listing of the state's 50 largest companies, with a market capitalisaton of $71 million.

IT might not be the busiest of times in Western Australia's corporate advisory scene, but that has not stopped positive moves by several firms – albeit without much fanfare – that have included the

WITH some experienced campaigners suggesting the current mergers and acquisitions market is the worst they have ever seen, there is plenty of finger pointing to overly exuberant deals of the past f