Tuesday
June 22, 2021
Good evening,
For 14 years Abu Dhabi’s sovereign wealth fund Mubadala Investment Company has dominated Oil Search’s share register - until now.
As we revealed earlier this evening, Mubadala offloaded half of its stake via Citi’s equities desk through an after-market block trade.
Tonight, we take a look at the trade and what it could mean for the ASX 100 oil giant.
Elsewhere, a key barrier preventing the ASX from foreign ownership looks set to be lifted, and Iress has fallen under the gaze of Swedish private equity player EQT and we unveil which investment bank is in the buyout fund’s corner.
Finally, Citi-advised Cerberus has firmed as the leading contender to buy Westpac’s auto loans portfolio.
Happy reading,
Sarah Thompson, Anthony Macdonald, Tim Boyd and Yolanda Redrup
Street Talk Editors
Oil Search’s share register has been blown wide open after Abu Dhabi’s sovereign wealth fund ended its reign as the company’s anchor investor.
After a decade living under the protection of the Federal Treasurer, one of the biggest barriers for dealmakers casting their eye over the country’s largest stock exchange might soon be lifted.
There’s plenty of defence about old world fintech Iress’ latest moves.
Arafura Resources is offering almost a 30 per cent discount on its last close price to investors in the hopes of securing funds for its Nolan Project.
Cerberus Capital Management has found another gear in the race to buy Westpac Banking Corp’s big auto loans portfolio.
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