DataRoom AM: Frasers in control

Frasers Centrepoint has managed to claim control of Australand just in the nick of time, while Cheung Kong Infrastructure has silenced the doubters on its Envestra bid by securing a controlling stake.

It went down to the wire, but Frasers Centrepoint has safely claimed majority ownership of local property group Australand after one of the most keenly watched takeover battles of the year.

Elsewhere, Cheung Kong Infrastructure obtains control of Envestra, APA Group goes shopping in Queensland and Pepperstone steps up IPO preparations.

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