The PEP-Spotless bid takes a bizarre turn, and the uranium industry prepares for a year of action.

Pacific Equity Partners' attempt to take over Spotless Group has produced a couple of firsts, most notably the target's management presentation that set an example in boardroom transparency. Now that the saga is dragging on we’ve transitioned from the admirable to the bizarre – PEP has formed an alliance with Spotless’ main union. In uranium mining, things are heating up with China Guangdong Nuclear Power taking a big step towards getting a majority of the UK’s Kalahari Minerals, which would trigger a takeover for ASX-listed Extract Resources, and Toro Energy announcing that it’s talking to two Asian players about making an investment. Elsewhere, the Ludowici family looks set to part ways with its mining technology company of the same name after 150 years and Lynas Corp is tipped to announce a funding deal in the order of $100 million.

Spotless Group, Pacific Equity Partners


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