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Author Topic: Costello can make or break Qantas deal  (Read 2115 times)

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Offline casper

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Costello can make or break Qantas deal
« on: December 14, 2006, 04:49:51 PM »
THE fate of an audacious $11 billion bid to wrest control of Australia's national airline now rests in the hands of one man — Treasurer Peter Costello.



The deal has been structured to circumvent foreign ownership restrictions, but Mr Costello said yesterday it would go to the Foreign Investment Review Board; he can also block the takeover, or stipulate conditions, on national interest grounds.



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