DataRoom AM: Qantas catch

Plans to change the Qantas Sale Act may not pass the Senate, while Transpacific Industries offloads its NZ assets.

The Abbott government has backed a removal of special foreign ownership restrictions on Qantas Airways, but even the national carrier fears it will mean nothing. The airline has essentially won the most recent battle in a war that appears beyond it -- at least in the short term.

Elsewhere, Transpacific Industries offloads its New Zealand business for just shy of $1 billion, the ACCC gears up for a ruling on AGL Energy’s Macquarie Generation buy and a Lorna Jane IPO is taken off the 2014 agenda.



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