DataRoom AM: Chasing Treasury Wine

The battle for Treasury Wine Estates looks to be moving up a gear as both suitors reportedly tap big banks for financing help, while the WA government considers a $2bn selloff.

The race for control of Treasury Wine Estates is about to get interesting as both of the winemaker’s suitors tap big name banks to assist with financing. And there are signs slow starter TPG has now assumed frontrunner status.

Elsewhere, Qantas Airways pursues greater foreign investment, the WA government makes a push to reclaim its triple-A debt rating and Nathan Tinkler’s planned coal return is in tatters.

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