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Stevenson Group to look at selling construction materials unit next year
By Paul McBeth Dec. 15 (BusinessDesk) - Stevenson Group will test buyer appetite for its concrete business next year in a market the managing director Mark Franklin doesn't see abating any time soon. The Australian Financial Review today reported Stevenson has hired PwC to...
Pemba Capital walks away from $40.4 mln Smartpay takeover proposal
By Paul McBeth Dec. 15 (BusinessDesk) - Australian investment firm Pemba Capital Partners won't go ahead with plans to buy payment terminal provider Smartpay Holdings for $40.4 million after wrapping up due diligence. The Sydney-based firm put forward an indicative offer o...
CBA's Vittoria Shortt to take up ASB reins in February
By Paul McBeth Dec. 15 (BusinessDesk) - Commonwealth Bank of Australia group marketing and strategy executive Vittoria Shortt will take charge of the lender's New Zealand subsidiary ASB Bank in February. ASB chief executive Barbara Chapman announced her retirement in Octob...