Running discussion on SP, page-29856

Hi @Dom74 , I have to disagree with your statement “With the FIRB decision a few months ago, a takeover by a foreign entity will never happen”

The FIRB decided against permitting a CHINESE entity owning 11.77% of AVZ………… “the Federal Government advised Yibin Tianyi that its $A14.1 million investment in the Company, representing 11.77% of the Company post investment, would be “contrary to the national interest”.

IMO, that doesn’t mean the FIRB would necessarily make the same decision if the submitting entity was American, European, Swiss, Japanese etc.

The following article sums it up perfectly...........

https://www.aspi.org.au/opinion/chi...w-long-it-took-us-act-foreign-investment-laws

Pay special attention to the second last paragraph:

“The US, which is by far our biggest foreign investor, along with the UK, Canada and the other key democracies would conclude that Australia is taking its national security seriously. There could be no better way to encourage foreign investment from like-minded democracies — the countries that won’t economically threaten or spy on us and treat our political leaders with contempt.”

Therefore @Dom74……… it’s not conclusively “never”, just more circumspect especially with China

All IMO & DYOR