ConocoPhillips has agreed to sell its northern Australian business to partner Santos Ltd for $1.39 billion, in a deal that will hike the Australian group's output by 25% and boost its position in the global gas market.
U.S. private equity firm KKR & Co
and its partners have decided to lower the IPO price of
their Australian non-bank lender, Latitude Financial, which is
due to list in the local bourse on Friday, by at least 11%, two
sources told Reuters.
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