Macmahon Holdings has landed a big fish right when it needed to. The megadeal with Fortescue should make the upcoming meeting on the Leighton Holdings construction business sale a little easier to get through. Qantas and Emirates are officially selling tickets together today, effectively beginning their five-year alliance. Meanwhile, the Future Fund is coming under heavier fire for its Australian Infrastructure Fund deal, reports of Santander’s NAB denial completely miss the point and Discovery Metals is expected to reveal its Boseto hand today, with its Chinese private equity suitor watching closely.
Macmahon Holdings, Fortescue Metals Group
Macmahon Holdings has demonstrated a knack for timing with the announcement of a $1.8 billion contract with iron ore miner Fortescue Metals Group.