Deals

Gina Rinehart’s Hancock Prospecting has amassed a substantial stake in Lynas Rare Earths, cementing its foothold in another major rare earth producer.

Jeff Leach has sold a Murray Street Mall retail complex to Banjo Bond, in the largest retail transaction in the CBD this year.

An eastern states buyer purchased the $4.5m property, with a view to expand their business.

Mining services player Macmahon Holdings is set to acquire mid-sized rival Decmil Group under a deal valued at about $110 million.

ASX-listed contractor Macmahon Holdings has offloaded a substantial portion of its mobile equipment fleet for about $44 million from a project in Queensland.

Boral’s board has backed major shareholder Seven Group Holdings’ sweetened takeover offer after the Stokes family-contolled bidder upped the value.

The land developer intends to build more than 200 apartments on the $15.5 million site, acquired from the City of Subiaco.

The oceanfront property was acquired by Hong Kong’s Oriental Property.

Shareholders in takeover target and lithium hopeful Azure Minerals have overwhelmingly voted in favour of Hancock Prospecting and SQM’s $1.7 billion offer.

Westgold Resources has announced it will merge with Toronto-listed Karora Resources, resulting in a market capitalisation value of approximately $2.2 billion.

APM Human Services has received a “disappointing” cash offer from its second largest shareholder Madison Dearborn Partners, 80 cents below the previous bid.

Perth-based Purpose Ventures has deployed almost 10 per cent of its $46 million fund in its first year of operations, including a recent top-up of its stake in startup PlanCare.

Takeover target Boral has doubled down on its recommendation to reject Seven Group Holdings' takeover offer, as the value range gets a trim.

Cape Bouvard has divested three lots to private investors for a total of $4 million.

CIMIC Group subsidiary Sedgman has expanded its service offering in the critical minerals sector by purchasing Minsol Engineering just four years after the West Perth business was established.

APM Human Services has gone into a trading halt after revealing the $1.8 billion takeover offer from private equity group CVC has fallen over.

Seven Group Holdings has launched a vigorous attack on advisory firm Grant Samuel, whose report was used by Boral’s independent directors to oppose Seven’s takeover offer.

Mining services company Tasmea has forecast an increase in revenue to $435 million and net profit to $34 million as it prepares for a listing on the ASX.

West Perth company Pilbara Minerals and China-based Ganfeng have signed a deal to do a joint study over a 32 thousand tonnes per annum lithium conversion plant.

Marine services supplier MMA Offshore has entered into a $1.03 billion scheme implementation deed with Singapore private equity firm Seraya Partners.

BCI Minerals has notched an offtake agreement with an Indonesia chemical and infrastructure company for salt to be produced from its Mardie project.

Multinational construction materials firm Boral has rejected Seven Group Holdings’ takeover bid claiming it undervalues the company.

Mineral Resources has inked a $15 million deal to acquire a nickel concentrator plant with plans to repurpose the site into a lithium processing hub in the Goldfields.

Clough’s Italian owner Webuild has exceeded 2023 financial guidance across its global portfolio, in its first year as the owner of the Perth-founded business.

Lithium miner Pilbara Minerals has notched a new offtake agreement with a Chinese buyer for spodumene concentrate from its flagship Pilgangoora operation.

A heritage-listed property in Perth and a bank building in Subiaco have sold.

The Subiaco-based fund manager has purchased a $23 million retail centre near Ipswich.

Kewdale-based PWR has acquired South West Fire Unit Fabrications in Collie in a deal that is understood to be valued at more than $4 million.

The divestment of three fast food outlets in the past three months reflects a strong interest in the asset class.

The West-Perth based property giant plans to transform the site of the former Kingswood Golf Course into a residential land estate.

Drug and alcohol rehabilitation non for profit Palmerston Association is purchasing the two-storey West Leederville building for $2.55 million.

A seven-storey apartment complex on Mill Point Road has sold for $9.5 million.