DealWatch: Slowdown in the run up to Christmas

DealWatch: Slowdown in the run up to Christmas
Russell McVeagh's Mei Fern Johnson said energy transition is a hot area (Image: Supplied).
Victoria Young
Fonterra's $1.06 billion deal to sell its Chilean unit Soprole to Gloria Foods was announced on Friday, showing there are still big deals to be done, despite a few slow months for the country's top M&A lawyers. The kiwi dairy giant said it hired Chilean firm Cariola Díez Pérez Cotapos SpA with a team led by partner Andrea Saffie and also used MinterEllisonRuddWatts partner Issac Stewart. A report in the Chilean press suggested Simpson Grierson had acted for the pur...

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Two more Smiths City stores close as liquidation sale winds up, massive discounts
Retail

Two more Smiths City stores close as liquidation sale winds up, massive discounts

Embattled retailer Smiths City has closed two more stores as its fire sale draws winds up this weekend.Administrators Colin Gower and Diana Matchett of BDO Christchurch on Friday said staff numbers will significantly reduce from next week, with remaining staff to assist with deli...

Staff reporters 12 Sep 2025
Construction suicide costs at $1.3 billion
Infrastructure

Construction suicide costs at $1.3 billion

A survey found that almost one in five workers reported suicidal thoughts.

Chido Machingura 12 Sep 2025
Net assets down, losses widen in Macquarie Group NZ's FY
Finance

Net assets down, losses widen in Macquarie Group NZ's FY

Financial group books wider full-year loss as net assets slip.

Staff reporters 12 Sep 2025
Airwork on the block to repay $145m of bank debt
Law & Regulation

Airwork on the block to repay $145m of bank debt

Airwork has an outstanding intercompany loan of $35.83m, owes trade creditors $219,000.

Denise McNabb 11 Sep 2025