Chapter Three

In particular, it was Marco who masterminded the deal in 1987. His doggedness and determination to make inroads into the defence industry convinced his father and Salteri to venture on the high-risk path of acquisitions, undoubtedly fraught with financial dangers. That move transformed the families' fortunes.

The new diarchy of Marco and Paul catapulted Transfield, on the strength of the defence deals, into a new class, as one of Australia's most successful private companies.


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1990s. Joint Managing Directors Marco Belgiorno-Zegna and Paul Salteri with their close advisers.