Also in property, LaSalle Investment Management’s 25 per cent shareholding in ANZ’s Sydney headquarters has been placed on the market, with a deal likely to reap markedly more than the $200m recouped by Grocon when it sold a 25 per cent stake in the building two years ago.
Meanwhile, Kerry Stokes’ Seven Group has again expanded its energy assets, recently claiming a $100 million stake in Woodside Petroleum, according to The Australian Financial Review.
Finally, Telstra has finalised a joint venture agreement with Telekom Indonesia that will result in the Australian telco’s enterprise services being offered in southeast Asia, while Noni B has warned its strategic review may not lead to a sale as its finances continue to take a hit.
Heading the list of suitors, according to the AFR, are Petronas, Woodside, PetroChina, Kuwait Foreign Petroleum Exploration Company and IPIC.
Read more here: Business Spectator