Breakfast Deals: Taking flight

The end game to Air New Zealand's Virgin move is unclear, while Westfield's increased Perth shopping centre presence comes with conditions.

The competition watchdog is in the news in a big way, clearing two significant deals yesterday. First up is the increased stake in Virgin for Air New Zealand and with recent moves from Singapore Airlines and Etihad, there’s plenty to ponder. But could a takeover really be an option? In its other decision of note, the ACCC has offered approval for Westfield to buy a major Perth shopping centre, but the ASX-listed group has to give to receive. Elsewhere, Macquarie helps Consolidated Minerals exit its BC Iron stake, a wave of consolidation could be afoot in the engineering space and QBE’s Europe operations split in two.

ACCC, Virgin, Air NZ, Etihad, Singapore Airlines


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