Regional airline on the block | Grow’ s $70m raise | Macquarie cornerstones Blackst one Minerals’ raising

Good evening,

Cement Australia, the country’s biggest supplier of cement products, is in the final throes of securing financing to carve out Western Australia’s BGC Cementitious from the sprawling building materials and construction empire founded by the late Len Buckeridge.

Street Talk can reveal Cement Australia, a 50/50 joint venture between 57 billion Swiss franc ($109 billion) Swiss-based Holcim and the €30 billion ($54 billion) German-based Heidelberg Materials, is closing in on a $500 million debt facility to bankroll the deal which was signed in December last year. It is expected to rule off the debt package by the end of the week.

BGC Cementitious is a division of BGC Group, a supplier of products including cement, aggregate, concrete and asphalt to clients in Western Australia. BGC began selling its various businesses in 2018 during afamily battle over the estate of founder and construction entrepreneur Buckeridge, who died in 2014.

Read the full story tomorrow and more on the Street Talk page.

Regional airline Hinterland Aviation is getting ready to take its last flight under owners John and Peter Christoudias.

The privately owned company has tapped mid-tier accounting and advisory firm William Buck to launch a sale process with 100 per cent of the business on offer.

The Australian sharemarket had a lacklustre session on Tuesday and finished flat on the day as investors awaited further developments in US tariff negotiations with America’s major trading partners.

Click here for the latest equity market wrap.