PRE-MARKET AUSTRALIAN STOCKS NEWS: A consortium led by funds manager Barings is reportedly negotiating to acquire Melbourne’s Moorabbin Airport from Goodman Group (GMG AT) for more than AUD 1.5bln

ANZ Group Holdings (ANZ AT) - Co. is reportedly moving to buy out Worldline’s stake in their AUD 925mln payments joint venture after a year-long review found the partnership unworkable. (AFR)

Australian Rare Earths (ARR AT) - Co. was selected to provide feedstock for a US Department of Energy minerals-to-materials supply chain research facility consortium. (Newswires)

BHP Group (BHP AT) - Private equity is reportedly orchestrating a bid for the Co.’s suspended Nickel West operations, led by a high-profile mining figure widely speculated to include Fortescue’s billionaire founder. (AFR)

Fonterra Co-operative Group (FCG NZ) - Co. said CEO Miles Hurrell has resigned and will remain during a six-month notice period while the Co. conducts a process to appoint a new CEO. (Dow Jones Newsplus)

Goodman Group (GMG AT) - A consortium led by funds manager Barings is reportedly negotiating to acquire Melbourne’s Moorabbin Airport from the Co. for more than AUD 1.5bln. (AFR)

Guzman y Gomez (GYG AT) - Co-CEO Hilton Brett requires a kidney transplant later this year and will continue in his role while undergoing treatment, while founder and Co-CEO Steven Marks will continue leading the Co. (Dow Jones Newsplus)

Lynas Rare Earths (LYC AT) - Co. signed a binding letter of intent with the US Defense Department for rare earths supply, with the US government allocating USD 96mln for offtake including a floor price of USD 110/kg for NdPr oxide over a four-year supply period. (Dow Jones Newsplus)

Macquarie Group (MQG AT) - Co. is reportedly backing logistics property managers linked to its former warehouse platform sale as it seeks to re-enter the warehouse investment sector. (AFR)

Myer Holdings (MYR AT) - The Co.’s Melbourne CBD building is reportedly set to be sold for around AUD 450mln to a private buyer. (AFR)

Peet (PPC AT) - A mystery non-property buyer is reportedly emerging as the leading bidder in the AUD 865mln takeover battle for the Co. after Stockland exited the process. (AFR)

Perpetual (PPT AT) - Co. agreed to sell an Australian wealth-management business to Bain Capital for more than USD 349mln. (Dow Jones Newsplus)

Perseus Mining (PRU AT) - Co. agreed to sell a 70% interest in the Meyas Sand Project in Sudan to a Matrix Resources (Zhejiang) unit for USD 260mln, comprising a USD 10mln deposit and USD 250mln payable on completion expected April 22, with proceeds to strengthen the balance sheet and potentially fund shareholder returns. (Dow Jones Newsplus)

South32 (S32 AT) - Co. placed the Mozal Aluminium smelter on care and maintenance from March 15 after failing to secure sufficient affordable power supply, with one-off costs of about USD 60mln and ongoing costs of about USD 5mln per year, while alumina from the Worsley refinery previously supplied to Mozal will be sold to third-party customers at index-linked prices. (Dow Jones Newsplus)

Telix Pharmaceuticals (TLX AT) - Co. resubmitted a New Drug Application to the US Food and Drug Administration for TLX101-Px, an investigational PET imaging agent for the characterisation of recurrent or progressive glioma. (Dow Jones Newsplus)

Other News

Australian Treasurer Chalmers said Australian households are likely to face increased cost-of-living pressures, with inflation set to rise above 4.5% amid rising oil prices. (Newswires)