China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Owners of Australia's Tenix Group plan sale: report
SYDNEY (Reuters) - Privately-owned Australian defense and technology systems group Tenix could be sold in a A$1 billion-plus ($900 million) auction, the Australian Financial Review reported on Monday.
Owners the Salteri family, one of Australia's richest families, have appointed UBS to handle the sale, with a range of interested parties notified of the plans, the paper reported, without citing sources.
Britain's BAE Systems (BAES.L) and U.S. groups Raytheon (RTN.N) and General Dynamics Corp (GD.N) are seen as possible bidders, with Australian contractor Leighton Holdings Ltd (LEI.AX) also expected to be a keen participant.
Other Australian firms United Group Ltd (UGL.AX) and Transfield Services Ltd (TSE.AX), and private equity firms, are also expected to show interest, the paper reported.
