Miss Universe goes Bankrupt!

Good Morning,

Miss Universe owner declares bankruptcy, NZ sharemarket dips nearly half a percent on very light volumes, ANZ profit up 10%, Interislander ferry Kaiarahi has ‘dramatic’ hole, Concerning future for Wind power industry, TPG Telecom hangs up on $6.3b asset sale, Ainsworth Game Technology considers life outside the ASX, Oil prices fall on worries of waning demand in US and China.

Let's jump in.

Before The Bell

Markets

• NZ sharemarket dips nearly half a percent on very light volumes (GR)

• ASX falls caused by a sell-off in energy and bank stocks as the Australian Reserve Bank warned of a “bumpy” road ahead (AFR)

• Cattle market on the rebound after 70pc price plunge (AFR)

• Oil prices fall on worries of waning demand in US and China (RT)

• Concerning future for Wind power industry (CNBC)

News Summary

• Fonterra tightens safety measures at Edendale plant (Stuff)

• ANZ profit up 10% despite tough economic times (Stuff)

• Labour MP Ginny Andersen formally apologises after bullying accusation (Stuff)

• Interislander ferry Kaiarahi has ‘dramatic’ hole in hull after berthing incident (Herald)

• Optus reveals cause of massive network outage, but experts say questions remain unanswered (9 News)

• Australian Government weighing up options after 80 asylum seekers released from detention following High Court ruling (9 News)

• Australian Federal government accepts all robodebt royal commission recommendations - with one exception (9 News)

• PwC spin-off Scyne Advisory appoints veteran chairman John Mullen (AFR)

• Miss Universe owner declares bankruptcy (Stuff)

• Japan State Minister Resigns Over Tax Scandal in Blow For PM (BBG)

• Iceland volcano: Emergency declared over volcano Fagradalsfjall eruption concerns (BBC)

Deal Flow

Investments / M&A

• Australia’s Ramsay Health Care Ltd. and Malaysian conglomerate Sime Darby Bhd. have agreed to sell their hospital unit to Columbia Asia Healthcare Sdn. for 5.7 billion ringgit ($1.2 billion) (BBG)

• AusSuper rejects eleventh-hour offer to join Origin Energy bid (AFR)

• KKR teams up with Skip Capital for Queensland Airports Limited (AFR)

• TPG Telecom hangs up on $6.3b asset sale to Macquarie Infrastructure-backed Vocus Group (AFR)

• Greece to Sell Alpha Bank Stake to UniCredit (BBG)

Equity Raises

• PAI Raises €7.1 Billion for New Buyout Fund, Surpassing Target (BBG)

• Everstone Capital Plans to Raise $1 Billion for Its Largest Asia PE Fund (BBG)

• Rinehart & Mineral Resources tip into Delta Lithium $70m AUD raise (AFR)

• Ainsworth Game Technology considers life outside the ASX (AFR)

• Craft brewer Mountain Culture Beer Co is looking to raise capital for the first time (AFR)

Debt

• Morrison & Co-backed data centre owner CDC Data Centres in new debt deal (AFR)

Daily Picks

• The top 10 most dangerous Aussie streets for magpie attacks in 2023 (9 News)

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