st vs lt, + outlook, page-7

If your favorite is Petrobras or another company with foreign government ownership, then different FIRB rules apply.
If I understand it correctly, investments by foreign government owned/part owned companies automatically triggers the requirement for FIRB approval.
The $219mil monetary threshold is only for private foreign companies.

""All direct investments by foreign governments or their agencies irrespective of size are required to be notified for prior approval under the Government's foreign investment policy. This applies whether the investment is made directly or through a company that is owned 15 per cent or more by a foreign Government. Applications must be submitted for...

:acquisitions of interests in companies or business assets of any amount or value.""

http://www.firb.gov.au/content/direct.asp?NavID=36

Anyway, just another angle to consider.

At this stage, I find it very hard to believe a plus $219mil deal is waiting in the wings, especially looking at how MEO has been trading lately.

My "guess" remains that the deal will only include permit WA-360-P and will be valued at a lot less than $219mil.