Australian Retirement Trust Expands with Woolworths and Endeavour Group Fund Transfer

BRISBANE - Australian Retirement Trust (ART), one of the country's largest superannuation funds, has significantly expanded its assets and membership base following a successful successor fund transfer (SFT) with retail giants Woolworths Group and Endeavour Group. This pivotal development underscores...

Merger of South Australia’s Largest Universities Faces Financial and Credibility Threats

The proposed merger between the Universities of Adelaide and South Australia could be at risk of costing the new institution a staggering $250 million, cautioned one of the universities involved. Set for January 2026 completion, the merger plans to form...

Suntory to Merge Alcohol and Non-Alcohol Businesses in Australasia

Japanese beverage giant Suntory is set to merge its two drinks businesses in Australasia, creating a formidable $3 billion-a-year company that will unite renowned alcohol brands with popular non-alcoholic products. The merger will bring together iconic alcohol brands like Jim...

OneTwenty Expands Sports Publishing Presence with Acquisition of Catena Media Assets

Prominent digital sports and iGaming media company OneTwenty acquires leading sports publishing assets from Catena Media plc. Solidifying its standing as a pivotal force in sports publishing, OneTwenty significantly advances its presence in the UK and Australian markets by strategically...

Liven Expands Rapidly with Multi-Million Dollar Acquisition Spree

Melbourne-based hospitality industry tech start-up Liven has recently made headlines with a series of strategic acquisitions in the wake of a post-COVID surge in demand for digital solutions in the restaurant sector. Liven's co-CEO, Shahrooz Chowdhury, expressed the company's vision...

South Korea and Australia Strengthen Economic and Defense Ties Amidst Indo-Pacific Challenges

On July 19, South Korea and Australia reaffirmed their commitment to bolstering economic and defense cooperation in response to the Indo-Pacific region's common security and economic challenges. Hosted by Representative Yoon Jae-ok of South Korea's governing People's Power Party (PPP),...

ATFX Strengthens Global Position with Acquisition of Rakuten Securities Australia

Global online trading CFDs broker ATFX has recently announced its acquisition of Rakuten Securities Australia Pty Ltd ("RSA"), a subsidiary of Rakuten Securities, Inc. The strategic move will strengthen ATFX's presence in Australia and worldwide. By taking over RSA, ATFX...

Malteries Soufflet to Acquire United Malt in A$1.5 Billion Deal

French agribusiness InVivo's branch, Malteries Soufflet, has agreed to acquire United Malt Group Ltd (UMG.AX) for A$1.5 billion ($999 million), intending to create the world's leading malt producer. Malteries Soufflet's acquisition of United Malt Group Ltd (UMG.AX) will pave the...

M&A Insurance Market Faces Uncertain Times in Australia and New Zealand

The mergers and acquisitions (M&A) insurance market in Australia and New Zealand is entering a new phase as new insurers and agents establish regional operations. Following the boom year 2021, the market saw a quiet first quarter in 2023 due...

MRFF and NHMRC Consider Merger as National Health Research Review Begins

Australia's Medical Research Future Fund (MRFF) and the National Health and Medical Research Council (NHMRC) are contemplating a potential merger, leading to the distribution of a combined annual budget of A$1.5 billion. The review, initiated on June 4th, aims to...
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