News Articles for QIC

The 50 per cent acquisition will make the family office a full owner of the retail centre.

The global fund manager has made the call amid a strong retail market.

Gnangara-based Pacific Energy will acquire Kewdale's Hybrid Systems Australia as the company positions itself to support an accelerating roll out of new electricity generation technology, such as standalone power systems.

The board of Pacific Energy has backed QIC's improved takeover bid, after it matched a rival $470 million offer.

Investment group QIC will need to increase its $422 million offer for Pacific Energy, after a consortium consisting of OPTrust and Infrastructure Capital Group lobbed a superior offer to the remote power provider.