Latest Divestments News

Qube Holdings has sold its 202-hectare Beveridge property interest for $111 million, booking a substantial $100 million pre-tax profit in FY26. The move frees Qube from development costs while keeping future operational options open.

TasFoods Ltd has secured shareholder approval to sell its Pyengana Dairy business and to execute a selective buy-back of nearly 50 million shares, marking a pivotal moment in its strategic reshaping.

Thor Energy is gearing up for a pivotal 2D seismic survey in mid-2026 at its HY-Range Project, while securing significant funding through divestments of non-core assets, positioning itself for focused hydrogen and helium exploration.

Perpetual Limited has extended its exclusivity agreement with Bain Capital into early 2026 as discussions continue over the potential sale of its Wealth Management business. While progress is steady, no binding deal is yet assured.

APA Group has agreed to sell its 20% stake in the Allgas gas distribution network to Stonepeak affiliates, marking another step in its strategy to simplify operations and focus on core growth areas.

Buru Energy is actively pursuing funding for its 2026 drilling campaign to validate resources at the Rafael Gas Project, aiming for a Final Investment Decision in the second half of 2026 and first cashflow by 2028.

Marvel Gold Limited has agreed to sell its Yanfolila Gold Project in Mali to Askiya Mineral Resources for up to US$1.94 million, marking a strategic shift to focus on its Tanzanian assets.

GrainCorp announces the sale of its Canadian joint venture GrainsConnect to Parrish & Heimbecker for C$150 million, alongside a trading update revealing lower expected grain receivals in Australia’s 2025-26 winter harvest.

Bulletin Resources has sold three non-core tenements of its Lake Rebecca Gold Project to Ramelius Resources for $500,000, enabling a strategic focus on its larger, recently acquired gold ground. The company remains well funded and is advancing exploration plans on high-potential targets.

Vintage Energy has signed a formal agreement to acquire Metgasco's 25% interest in the Southern Flank joint ventures for $5.9 million, advancing its strategic position in key gas assets.

Acrux Limited has sold the US registration and distribution rights for its Prilocaine 2.5% and Lidocaine 2.5% cream for US$550,000, redirecting resources towards its growing Hormone Replacement Therapy portfolio.

McPherson’s Limited has unveiled a sweeping two-year transformation, streamlining its brand portfolio and adopting a scalable third-party logistics model to drive growth and improve financial stability.