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China set to swoop on purchase of distressed / bankrupt Australian assets
- notlukesky 7y agoThe original title is: Foreign Investment Board braces for Chinese takeovers of distressed Australian assets And just some ruminations and guesses with no concrete examples. The Australian government can easily pass laws to block all sorts of takeovers including from the Chinese or Private Equity firms.
- simonblack 7y agoThat's nothing new. During the recessions of the 90s and 00s, it was the Americans who came in and snapped up Australian companies as bargains. Mainly food companies such as Arnotts Biscuits, etc. https://www.news.com.au/finance/business/us-ownership-of-australias-biggest-companies/news-story/5e0361d3e4433be0c4c1c40c8254cac1 https://www.news.com.au/finance/business/us-ownership-of-aus...