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Chanticleer
Inside Chemist Warehouse deal, what CEOs want & AFR Business People of the Year
Dec 15, 2023
This week on the podcast, the hosts explore what CEOs want from Prime Minister Anthony Albanese, discuss the astonishing Chemist Warehouse deal, and highlight the winners of the Business People of the Year awards, including Gina Reinhardt. They also delve into the $9 billion ASX listing of Chemist Warehouse and touch on the ongoing deal between Sigma shareholders and the ACC. The hosts anticipate a rate rise, reflect on market volatility, and explain the regulatory requirements for company listings.
35:01
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Quick takeaways
- Chemist Warehouse's $9 billion reverse takeover with Sigma healthcare aims to provide access to capital markets and strategic initiatives, potentially becoming the 2023 deal story of the year.
- Australia's top CEOs expressed the need for collaboration between governments to address rising costs of living, planning reforms, and social issues, highlighting their interest in community well-being alongside economic growth.
Deep dives
Chemist Warehouse's Reverse Takeover: A New Era for the Company
Chemist Warehouse, the retail giant with 600 stores, has embarked on a $9 billion reverse takeover with Sigma healthcare, allowing it to list on the ASX. The deal aims to provide access to capital markets, strategic initiatives, and allow shareholders to realize their investments over time. Chemist Warehouse's profitability, with an 18% EBITDA margin and a 14.9% EBIT margin, has garnered significant interest from investors. The merger faces regulatory approvals and Sigma shareholders' votes, but if successful, it may become the 2023 deal story of the year.
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