BREAKFAST DEALS: Queensland sell-off

France's Bred Banque Populaire is reportedly offloading its Bank of Queensland stake, while some Sunshine State infrastructure assets are up for grabs.

We're one month from winter, so let's talk Queensland. Bank of Queensland is waving goodbye to a major shareholder, but it's probably not a slight at the company's strategy or the state of Australian bank stocks. The Queensland government is thinking of mirroring its southern neighbours in New South Wales with port leasing deals. Meanwhile, GPT Group has told shareholders it's still keen for an Australand deal, a seasoned M&A watcher picks a ripper story on the GrainCorp takeover and Woodside Petroleum floats (not an IPO, mind you) with Royal Dutch Shell.

Bank of Queensland, Bred Banque Populaire

Second-tier lender Bank of Queensland is likely to reveal within the next two days that Paris-based co-operative lender Bred Banque Populaire has sold its $350 million stake in the Aussie bank.


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