Australia s Lynas gets relief from Malaysian court in license renewal case Toggle share menu
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REUTERS: Australia s Lynas Rare Earths said on Thursday a Kuala Lumpur court had dismissed a lawsuit challenging Malaysia s decision to renew the company s operating license.
Malaysia in August 2019 extended https://reut.rs/3f7ek7i a license to Lynas rare earths processing plant on the condition that it build a permanent facility to store its low-level radioactive waste within six months, sparking protests https://reut.rs/3l3sMRz over environmental concerns.
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Lynas, the largest rare earths producer outside China, last year announced plans to build a permanent waste treatment facility in the Pahang state, complying with the government s condition for the renewal of the license.
Australia’s Macquarie Group cuts dividend outlook, ‘deeply’ regrets Nuix IPO fallout
FILE PHOTO: The logo of Australia s biggest investment bank Macquarie Group Ltd adorns a door to their Sydney office headquarters in Australia, October 28, 2016. REUTERS/David Gray
July 29, 2021
By Paulina Duran
SYDNEY (Reuters) -Australia’s Macquarie Group said on Thursday first-quarter profit for fiscal 2022 was up significantly from the pandemic-hit period a year earlier, but warned of lower dividends to come as it diverts cash to grow its business.
Chief Executive Shemara Wikramanayake also said during a virtual annual meeting that she regretted the impact on investors from the troubled 2020 IPO by Nuix Ltd, in which Macquarie had a 70% stake at the time. The software vendor has lost over half its value since then.
Spark Infra to open books to KKR consortium after sweetened $3.8 billion bid
(Reuters) -Spark Infrastructure on Wednesday agreed to open its books to a consortium that includes private equity giant KKR & Co Inc after the group tabled a third buyout offer, valuing the Australian electricity infrastructure investor at A$5.13 billion ($3.78 billion).
The offer, the latest in a flurry of buyout bids in Australia this year, comes nearly two weeks after Spark rejected the consortium’s previous proposal.
The group, which also includes Ontario Teachers’ Pension Plan Board, raised its price to A$2.95 per share from A$2.80, a 13.5% premium to Spark’s last close.
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