FED:AAP Finance News in Brief, Thu Sep 26 FINANCE BRIEFS
JOB VACANCIES RISE
SYDNEY - The number of job vacancies in Australia has risen 3.1 per cent, official statistics show.
The total number of vacancies in August 2013 was 143,300, in seasonally-adjusted terms, compared with 138,900 in May, according to the latest Australian Bureau of Statistics quarterly survey released on Thursday.
There were 131,500 private sector job vacancies in August, up 3.0 per cent on May's 127,700.
The number of public sector vacancies in August was 11,700, up 4.8 per cent from May.
The survey is conducted every three months. AAP bm/cdh ANSELL BUYS KOREAN GLOVE MAKER
SYDNEY - Protective clothing and condom maker Ansell will pay $US41.1 million ($A44.12 million) to buy South Korean glove maker Midas.
Ansell says the takeover will provide it with new manufacturing capabilities in specialised yarn and polyurethane technology, which will be important in accelerating growth of the company's HyFlex range.
Midas is a manufacturer and supplier of knitted, cut-resistant industrial gloves with expertise in polyurethane coatings and yarn wrapping. It has around 300 employees spread between plants in South Korea and Vietnam.
Ansell shares gained 37 cents to $20.87 AAP ews/cdh SONIC HEALTHCARE BUYS FIVE LABS IN GERMANY
PERTH - Pathology and radiology provider Sonic Healthcare is buying German laboratory business Labco for 76 million euros ($A110.58 million).
Labco operates five laboratories in west and south west Germany, generating annual revenue of 53 million euros ($A77.11 million).
The business will be quickly integrated into Sonic's existing German operations, and synergies are expected to be realised progressively through the first year of ownership, Sonic said.
Sonic chief executive Colin Goldschmidt said the acquisition is a significant step in the company's growth strategy for Germany, where it already operates six pathology businesses.
The Labco transaction is expected to completed by the end of 2013, and remains subject to antitrust approval.
Sonic shares gained 19 cents to $15.94. AAP krc/dmc BUDERIM GINGER SELLS BAKING BUSINESS
BRISBANE - Queensland food producer Buderim Ginger has sold its baking business to pay down debt.
The Sunshine Coast-based firm has sold it's wholly-owned subsidiary Buderim Baking Company - which makes pies, tarts and quiches - for $1.9 million.
The sale price includes $900,000 for stock in trade in cash.
Buderim Ginger will use the sale proceeds to reduce bank debt by $500,000 and provide additional working capital.
The sale contract will be completed on September 30. Buderim Ginger shares were flat at 60 cents. AAP saj/cdh AOFM PRICES AUGUST 2035 INDEXED BONDS
SYDNEY - The Australian Office of Financial Management (AOFM) has priced its new August 21, 2035 Treasury indexed bonds.
The new bond is believed to be the longest dated issue in Australian government bond market history.
The AOFM said there will be no further issuance of this bond prior to February 2014.
Bank of America Merrill Lynch, Deutsche Bank AG, and Westpac Institutional Bankl were joint-lead managers for the issue.