Adrian “Lambo Guy” Portelli has acquired a multimillion-dollar stake in a major Australian motorsport festival and media company. This was announced in Melbourne on Tuesday by Mr Portelli, who amassed his fortune in the US technology sector before founding his car enthusiasts club LMCT+.
Mars, whose brands include M&M's, Snickers and Skittles, is buying food maker Kellanova in a deal worth nearly $30 billion ($45 billion Australian dollars), giving it access to a huge portfolio of consumer brands from Cheez-It to Pop-Tarts. Kellanova was created in 2023 by splitting Kellogg Co. into three companies.
Perseus Mining has expanded its influence in the African gold business by securing a significant stake in Guinea explorer Predictive Discovery, a few months after completing its acquisition of Tim Goyder's OreCorp. But Perseus, led by Jeff Quartermaine, has sought to dampen excitement over an impending move to Predictive, saying the boards are not in … Read more
Just four months after Australian electric vehicle (EV) charging pioneer Tritium filed for bankruptcy, the company has now been bought by the Dutch subsidiary of an Indian competitor, raising hopes that production will resume. Tritium filed for bankruptcy in April and requested the appointment of a receiver, just five months after closing its Brisbane plant … Read more