Woolworths is expected to get its SCA Property Group spin-off approved by its shareholders today with hardly a hint of opposition. Sir Ron Brierly has his foot on a much bigger share of Murchison Metals. Meanwhile, Rio Tinto looks like it’s holding on to Ivanhoe Australia, Alcoa of Australia is joining Fortescue Metals Group in the search for shale and WestSide Corporation has apparently swapped suitors.
Woolworths, SCA Property Group
Australian supermarket giant Woolworths should win strong support from shareholders today for its plan to spin off SCA Property Group.