M Resources snags some of Aurizon coal haulage sale
Aurizon has offloaded One Rail’s coal haulage business to a joint venture half owned by M Resources founder Matt Lattimore, securing $425 million in cash for investors.
Source: afr.com
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Aurizon, Spark deliver year-end deals for Macquarie, Goldman, BoA
Macquarie Capital’s bankers have ruled off two big deals, just in time for Christmas.
Source: afr.com
M&A transactions undergo year-on-year drop
Increased risk aversion and longer negotiation periods have resulted in a sharp decline in the number of M&A transactions. The mergers and acquisitions space has gotten off to a slow start in FY2023,
Source: investordaily.com.au
Aurizon's Tim Poole says it will decide soon on One Rail sale
Aurzion plans to declare whether it will sell or spin off its newly acquired One Rail coal haulage business next month, chairman Tim Poole told the rail group’s annual general meeting.
Source: afr.com
Executive pay: Aurizon bosses will get paid to cut carbon
Short-term bonuses will be tightly linked to slashing carbon pollution as the rail haulage group tries to eradicate operational emissions by 2050.
Source: afr.com