SYDNEY: It’s been a busy New Year for Australian dealmaking, with mergers and acquisitions activity heating up just after bankers returned from their Christmas holidays.
Australian companies have already announced A$930mil (US$640mil) of transactions this year, up 58% from the same period in 2019. That’s not counting the latest purchase by Macquarie Group Ltd’s infrastructure arm, which signed a deal last week to take over A$3bil data centre operator AirTrunk, Bloomberg News has reported.
