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AUSTRALIA'S ACCC NOT OPPOSING ACQUISITION OF DYNO BY MAQUARIE-LED GRP.
MELBOURNE, Dec 1 Asia Pulse - Australia's competition watchdog will not intervene in the acquisition of Norwegian explosives firm Dyno Nobel by a Macquarie Bank-led (ASX:MBL) consortium and the subsequent on-sale of some operations to explosive and chemicals maker Orica Ltd (ASX:ORI).
In September, the Macquarie consortium said it was acquiring Dyno Nobel for $US1.7 billion ($A2.23 billion), with Orica picking up Dyno's European, Asian, African and Latin American businesses.
The Macquarie consortium will retain Dyno's operations in Australia, New Zealand, Canada and the United States.
Dyno Nobel is Orica's largest competitor in the explosives market.
Australian Competition and Consumer Commission (ACCC) chairman Graeme Samuel said Wednesday that Orica's purchase of Dyno's ammonium nitrate (AN) plants in Thailand and the Philippines would not have a major impact on Dyno's Australian operations.
Ammonium nitrate is the key substance used in the manufacture of ...
- Macquarie leads consortium to acquire Dyno Nobel: a consortium of investors led...
- Magazine article from: Australian Banking & Finance September 30, 2005 700+ words
Dyno Nobel Holding is a commercial explosives company...The Consortium intends to separate Dyno Nobel Holding into two entities. The Consortium...DetNet initiation systems joint venture (Dyno Nobel). In a separate and distinct agreement...
- Dyno Nobel Selects AT&T for Global Networking Solution; Global IP VPN covers 50...
- Press release article from: PR Newswire January 21, 2004 700+ words
...Norway, Jan. 21 /PRNewswire/ -- Dyno Nobel, one of the world's leading explosives...contract consolidates with AT&T Dyno Nobel's global networking information technologies...Scanning and Remote Access Services. Dyno Nobel selected AT&T based on a number...
- AUSTRALIA'S DYNO NOBEL TO FLOAT ON ASX THIS YEAR.
- News wire article from: AsiaPulse News March 2, 2006 700+ words
...March 2 Asia Pulse - Explosives maker Dyno Nobel Ltd will seek to raise up to $A1.03...the Australian stock market this year. Dyno Nobel launched an initial public offer (IPO...raise $902 million to $1.03 billion. Dyno Nobel supplies explosives and related services...
- GRP LED BY AUSTRALIA'S MACQUARIE BANK BUYS NORWAY'S DYNO NOBEL.
- News wire article from: AsiaPulse News September 20, 2005 700+ words
...has acquired Norwegian explosives firm Dyno Nobel for about $US1.7 billion ($A2...Ltd (ASX:ORI) for $US685 million. Dyno Nobel is Orica's largest competitor in explosives...which has acquired 100 per cent of Dyno Nobel from European private equity firm Industri...
- DYNO NOBEL TO LIST ON AUSTRALIAN BOURSE NEXT WEEK.
- News wire article from: AsiaPulse News March 31, 2006 700+ words
...million) float of explosives maker Dyno Nobel Ltd (ASX:DXL) has attracted...businesses it is acquiring from Dyno Nobel by mid-year despite regulatory...in Europe. A spokesperson for Dyno Nobel said Thursday that the float had...
- DYNO NOBEL BUYS 50 PCT STAKE IN S AFRICAN CO FOR US$34.5 MLN.
- News wire article from: AsiaPulse News April 27, 2007 700+ words
...April 27 Asia Pulse - Explosives maker Dyno Nobel Ltd (ASX:DXL) says it has bought...African initiation systems manufacturer. Dyno Nobel said it paid $US34.5 million ($A41.35 million) for the stake in Sasol Dyno Nobel (SDN). "The stake in SDN is aligned...
- Dyno Nobel.(Corporate Capabilities)
- Magazine article from: Pit & Quarry December 1, 2004 700+ words
Global Supplier Dyno Nobel is the world's leading explosives...produce innovative local solutions. Dyno Nobel has four Business Units: North America...Asia Pacific (DNAP). Strong Roots Dyno Nobel traces its roots back to Alfred Nobel...
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- News wire article from: AsiaPulse News August 21, 2006 700+ words
...s second largest explosives group, Dyno Nobel Ltd, (ASX:DXL) is looking for expansion...Africa, particularly southern Africa," Dyno Nobel chief executive officer Peter Richards...negotiating its first contract in Indonesia. Dyno Nobel is also expanding exports to the Caribbean...
Source: HighBeam Research, AUSTRALIA'S ACCC NOT OPPOSING ACQUISITION OF DYNO BY MAQUARIE-LED GRP.