Treasurer Wayne Swan, who has veto powers on major foreign investments in Australia, said the Foreign Investment Review Board had informed the SGX, operator of the Singapore exchange, that he was inclined to reject the deal.
"FIRB informed SGX that I had serious concerns about the proposal and that, subject to further consideration, I intended to accept the unanimous FIRB advice that the takeover would not be in the national interest," Swan said in a statement. Full story
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