Weekly Deal Digest (22 Dec 25)
Australian deals lodged with the ACCC up until 22 Dec 2025
Merger Loop
December 22, 2025
❇️ New Deals
Danone – further 1% interest in Danone Saputo Dairy Australia
Danone proposes to increase its stake from 50% to 51% in Danone Saputo Dairy Australia, a dairy manufacturing and wholesaling joint venture with Saputo, by exercising a call option. The transaction gives Danone majority control of the Australian fresh dairy business.
MN-01069 • notified 12 Dec 2025 ↗
Coles – supermarket and liquor site in Kalgoorlie, WA
Coles proposes to acquire a leasehold interest in a new neighbourhood shopping centre in Kalgoorlie to operate a large-format supermarket and Liquorland store. The transaction expands Coles’ supermarket and liquor retail footprint in regional Western Australia.
MN-01068 • notified 27 Nov 2025 ↗
Ampol – EG Australia
Ampol proposes to acquire the EG Australia fuel and convenience retail network, consolidating fuel retail and convenience operations nationwide. The transaction includes proposed divestitures of selected retail fuel sites to address competition concerns in local markets.
MN-01019 • notified 10 Oct 2025 ↗
✅ Recently Approved
Carlyle – BASF Coatings
Carlyle acquired sole control of BASF’s global coatings business, with BASF retaining a 40% non-controlling interest and Qatar Investment Authority acquiring a minority stake. BASF Coatings supplies automotive, refinish and industrial surface treatment products globally, including in Australia.
MN-01064 • approved 18 Dec 2025 ↗
Caterpillar – RPMGlobal Holdings
Caterpillar acquired 100% of ASX-listed RPMGlobal via scheme of arrangement. RPM provides mining software for asset management, planning and simulation, complementing Caterpillar’s global mining equipment and technology offering.
MN-01058 • approved 18 Dec 2025 ↗
Molex – Smiths Interconnect
Molex acquired Smiths Interconnect, a manufacturer of electronic components and interconnect solutions used in aerospace, defence, medical and industrial applications. The transaction combines two global suppliers of electronic and connectivity products, with overlap in connector supply in Australia.
MN-01061 • approved 5 Dec 2025 ↗
La Caisse – Edify NSW Development assets
La Caisse acquired renewable energy development assets in NSW from Edify, including land options, connection arrangements and planning approvals. The assets have potential to be developed into renewable generation projects connected to the National Electricity Market.
MN-01031 • approved 26 Nov 2025 ↗
Anglo American – Teck Resources
Anglo American acquired Teck Resources through a merger, combining two global mining companies with operations focused on copper, zinc and other metals. The transaction involved limited Australian overlap, with no copper or zinc production activities by either party in Australia.
MN-01037 • approved 18 Nov 2025 ↗
Asahi – warehouse site at Redbank, Qld
Asahi acquired a long-term lease for a warehouse and distribution centre at Redbank, Queensland, to support logistics for alcoholic and non-alcoholic beverage distribution. The facility will be developed by Goodman and integrated into Asahi’s national supply chain.
MN-01035 • approved 18 Nov 2025 ↗
Asahi – warehouse site on Tilburn Rd, Deer Park, Vic
Asahi acquired a lease for a high-bay warehouse and distribution centre in Deer Park, Victoria, to support beverage logistics operations. The site will be developed by GPT and used for storage and distribution of alcoholic and non-alcoholic products.
MN-01016 • approved 5 Sep 2025 ↗
Kongsberg Defence – site within Newcastle Airport precinct
Kongsberg Defence Australia acquired lease rights for land near Newcastle Airport to establish a missile manufacturing and maintenance facility. The transaction supports defence manufacturing and aerospace capability development in NSW.
MN-01017 • approved 29 Aug 2025 ↗
❌ Recently Rejected
No rejections published to date.