Infrastructure
Elite investors including Softbank and Situational Awareness are dropping billions on the likes of Australia’s IREN, Firmus and Sharon AI. But can it last?
At least one long term shareholder is holding out hope for a better deal, even as IFM crosses the 50% threshold giving it effective control over the toll road operator.
Shareholders are resisting the low-ball bid from the toll road group’s most powerful investor. But there may be another path forward.
The board of the toll road group has the backing of at least one major shareholder. But a hostile takeover from its largest investor may be inevitable.
Atlas chair Debbie Goodin said she was blindsided by IFM as it made its takeover approach, but remains open to an improved bid.
CEO Jason Boyes told Capital Brief there’s no point in committing capital to smaller companies in its portfolio when the data centre outlook looks so rosy.
On one side of Sydney, the government confirmed plan to reduce gas shortfalls. On the other, CEOs were figuring out how to cope with a quadrupling of power demand caused by data centres.
HMC Capital is “pivoting really fast” out of the US as data centre projects face growing community opposition. CDC’s CEO says Australia is becoming “the next best option”.
Energy Market Authority CEO Kok Keong Puah capped off his week-long trip in Australia by meeting with Mike Cannon-Brookes’ investment fund.
Foreign investors could be forced to pay capital gains tax on sales of an expanded scope of assets including solar, wind and battery developments stretching back to 2006.
