Canadian company Stantec has disclosed it paid C$135.8m ($147 million) for Perth-based Wood & Grieve Engineers, which it acquired in March, nearly 60 years after the Perth-based company was established.
HBF has sold the Friendlies Pharmacy master franchise, under which 31 Western Australian pharmacies currently operate, to Pharmacy 777 and agreed to partner with the buyer to provide preventative health services to its members across the stores.
Botanix Pharmaceuticals is set to raise $40 million via a share placement, less than two months after it released studies suggesting its cannabis compound could be used as an antimicrobial to mitigate superbugs.
A $1 billlion-plus lithium refinery planned for the Pilbara has been put on hold and a second refinery under construction in the South West has been reduced in size as local company Mineral Resources and its US partner restructure their joint venture after a sharp fall in lithium prices.
Mineral Resources has secured Chinese regulatory approval for its $US1.15 billion Wodgina stake sale, and was the best performer among the ASX 200 today, despite the miner also releasing weak quarterly results.
Aurora Capital has abandoned its planned takeover of Yowie Group and says it would instead support winding up the Australian chocolatier if management cannot plot a convincing near-term turnaround strategy.
Australian private equity firm Allegro Funds says it will make a significant investment in Western Australia’s largest diagnostic imaging provider, Perth Radiological Clinic, the latest in a string of deals for the sector.