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Australian fund manager L1 Capital cleared to buy up to 15% of Chorus
By Paul McBeth Dec. 11 (BusinessDesk) - Australian fund manager L1 Capital has been granted approval to boost its Chorus stake to as much as 15 percent by the Crown. The Melbourne-based company held a 9.6 percent stake in the local telecommunications network operator as at...
Vital Healthcare Property Trust buys rehab hospital in Queensland for A$23.8 million
By Rebecca Howard Dec. 11 (BusinessDesk) - Vital Healthcare Property Trust has bought Eden Rehabilitation Hospital in Cooroy in Queensland, Australia, for A$23.8 million as part of its ongoing diversification strategy. Eden is a private rehabilitation hospital leased to Hea...
Rubicon plans to sell Clearwood stake for $15.3M to focus on ArborGen business
By Tina Morrison Dec. 11 (BusinessDesk) - Rubicon, the NZX-listed forestry biotech company, has agreed to sell its remaining holding in its Clearwood manufacturing business for about $15.3 million, to focus on its ArborGen forestry genetics business. Auckland-based Rubicon...
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