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Virgin Australia welcomes Singapore Airlines as investor, agrees to Tiger JV, Skywest buy
Oct. 30 (BusinessDesk) - Virgin Australia, which competes with Qantas Airways in the Australian aviation market, will place 10 percent of its shares with Singapore Airlines for A$105 million, using most of the funds to buy a 60 percent stake in Tiger Airways and all of Skywest A...
Australia's Lempriere pours cold water on selling WSI scouring assets in formal takeover bid
By Paul McBeth Oct. 30 (BusinessDesk) - Australian wool merchant Lempriere has ruled out selling New Zealand Wool Services International's scouring assets, according to its formal takeover document. The Melbourne-based company has locked up 75 percent of WSI's shares having b...
NZ Oil and Gas has $162 million to add oil and gas reserves
Oct. 30 (BusinessDesk) – New Zealand Oil & Gas, the nation’s largest listed oil explorer, says it has about $162 million in cash available to acquire more oil and gas reserves. “We have set an exploration target of 3-5 wells each year with an expected cost in the order of $35 m...
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