DataRoom AM: Circling Treasury Wine

Treasury Wine Estates’ key suitor KKR has stepped up its hunt for the winemaker but a deal may still be in the distance, while Qantas’ push for major changes to the Sale Act falls short.

Treasury Wine Estates suitor Kohlberg Kravis Roberts (KKR) has received the backing of a cashed-up offshore pension fund as it persists with a pursuit of the Australian winemaker, but there are still a few hurdles on the path to a deal.

Elsewhere, Qantas Airways falls short on its foreign investment push, PanAust attempts to drum up competition to Guangdong Rising Assets Management’s takeover offer and Menora Foods mulls an ASX listing.

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