Macquarie Group is reportedly mounting a last minute charge for some of the managed investment schemes of the fallen timber company Gunns Limited. Arrow Energy could finally be moving towards a deal with fellow Queensland LNG players Santos or Origin Energy. Meanwhile, Coles could one day do a Woolworths with its new property joint venture, there's a potential property float somewhere on Melbourne's horizon and Leighton appears to have a floating construction deal in the United Arab Emirates.
Macquarie Group, Gunns Limited
Investment bank Macquarie Group is reportedly trying to secure control of nine managed investment schemes from collapsed timber company Gunns Limited, purportedly listed at $500 million.