Andrew Liveris takes possession of high-profile salt asset in WA

·

Brisbane Olympic Games chairman Andrew Liveris has secured significant backing for his $375 million push into industrial salt production through his company, Leichhardt Industrials Group.

The company acquired Rio Tinto’s Lake MacLeod salt asset in Western Australia on December 2, attracting high-profile investors, including South Sydney Rabbitohs chairman Nick Pappas and several wealthy Australian families including the Bardas’.

Photo: Rio Tinto.

Corporate filings reveal that $242 million in new shares were issued in Leichhardt on the same day, with notable investors including members of the Kailis family, known for their seafood empire, and heirs to the late Victor Smorgon’s fortune.

Pappas himself subscribed for over $1.5 million in shares, while partners from law firm Arnold Bloch Leibler and financial firm Global Credit Investments also participated.

Lake MacLeod, located nearly 1,000km north of Perth, produces salt and gypsum through natural evaporation processes. The salt produced is in high demand, particularly for industries like battery manufacturing.

Source: The Financial Review.

greek film festival sydney new

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Sydney shines as Greek Film Festival celebrates 30 years of cinema and culture

The 30th Greek Film Festival of Sydney opened in spectacular fashion on Tuesday night with Kapetan Mihalis.

Celebrate the 113th anniversary of Lesvos’ liberation at Mytilenian House in Sydney

The Mytilenian Brotherhood of Sydney and NSW is set to celebrate the 113th Anniversary of the Liberation of the Island of Lesvos.

Luncheon raises $95,000 for Holy Monastery of St John in Western Australia

The Greek Orthodox Diocese of Perth hosted a fundraising luncheon on Sunday, October 12, at the Archdiocese Conference Room in Dianella.

‘Kapetan Mihalis’ opens 30th Greek Film Festival in Melbourne

The 30th Greek Film Festival, presented by the Greek Community of Melbourne (GCM), officially opened Tuesday, October 14.

Greek Deputy Foreign Minister Ioannis Loverdos strengthens bilateral ties in Canberra

Greece’s Deputy Minister of Foreign Affairs for Greeks Abroad, Ioannis Loverdos, has continued his official visit to Australia in Canberra.

You May Also Like

$11 million capital raising under way for George Giannakodakis’ PointData company

George Giannakodakis' property technology company, PointData, intends to raise $11 million by June to accelerate their expansion plans.

Sydney’s Greek community commemorates the Athens Polytechnic Uprising

The 47th anniversary of the Athens Polytechnic Uprising was commemorated on Sunday with a special event organised by the GOCNSW and CUGA.

Cyprus opens its first underwater archeological park

Cyprus has opened its first underwater archeological park, giving visitors the opportunity to look at history right below their feet.Â