$1.6b Mac Copper bid lands | Ares parks at Quadrant’s MotorOne | Healthscope debt kingmaker is a UK hedge fund

Good evening,

South Africa’s Harmony Gold has confirmed it’s made a $1.6 billion bid for Mac Copper, the ASX-listed owner of the CSA copper mine in NSW, after Street Talk revealed the takeover proposal on Tuesday morning.

Harmony Gold, listed in Johannesburg and New York, is seeking to buy Mac Copper – née Metals Acquisition Corporation – just 15 months after it listed on the ASX. It said the bid offered a 21 per cent premium to the last traded price, and the two companies have entered a binding agreement.

Harmony was advised by Macquarie Capital.

Read the full story: South African giant bids $1.6b for NSW miner amid copper rally

Street Talk understands Sydney buyout firm Quadrant Private Equity has green-lit a new debt refinancing for its automotive aftercare products distributor MotorOne.

The Australian sharemarket tracked an advance in US futures on Tuesday, inching closer to its record high, after a reprieve in trade tensions between Washington and the European Union.

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