Soul Patts’ $3 billion offer for the asset manager set the stage for whirlwind negotiations and accelerated a sale that private equity firms had eyed for years.
The term sheet talked up Pantoro’s “significant” growth potential.
Property mogul and entrepreneur Shaun Bonett has a fortune of more than $2 billion, according to the Rich List. Those valuations might not live up to the hype.
Gold Road’s grip on Australia’s best undeveloped gold mine will loosen after it bought only a portion of its rights in De Grey to keep alive a rival deal.
The miner had been in talks about selling a big stake in the fertiliser development amid a plunge in prices linked to higher exports from Russia and Belarus.