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The business week in numbers

AAP logoAAP 21/10/2016 Garry Shilson-Josling, Economist

A big merger, a big sell-off, employees charged in Brazil and detained in China, and a massive bottle of wine - the big and small numbers that grabbed attention, or should have, in the business world over the past week.

MONDAY

13.9pct - Shares in Crown Resorts slumped on the news 18 of the casino operator's employees being detained by Chinese authorities. Among those being held in a Chinese prison are three Australians, including senior executive Jason O'Connor.

TUESDAY

$185,000 - The latest luxury offering from iconic Australian winemaker Penfolds will set you back that much. It's a six-litre bottle of Penfolds Grange 2012, one of only five produced, in a one metre tall, hand crafted crystal pouring cradle that weighs 50 kilograms.

WEDNESDAY

$11.3b - Tatts and Tabcorp are planning a merger to create an $11.3 billion nationwide gambling giant. Tabcorp shares gained 3.5 per cent on the news, while Tatts shares soared 16 per cent.

THURSDAY

$16.2b - Australia's biggest superannuation fund AustralianSuper and fund manager IFM Investors bought a 50.4 per cent stake in Ausgrid from the NSW government for $16.2 billion, two months after Chinese investors were blocked from buying the NSW electricity network on national security concerns.

FRIDAY

22 - Brazilian prosecutors have charged 22 people, 21 of those with qualified homicide, over their roles in the collapse of a tailings dam at the Samarco Mineracao SA iron ore mine last November. The dam collapse released millions of tonnes of muddy mine waste, wiping out several small communities and killing 19 people.

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