Costly escape for Macquarie Airports
The evolution of Macquarie Group's strategy in the field of infrastructure investment and infrastructure funds management may become clearer over the next few days, with the shares of the group and also Macquarie Airports suspended from trading on the ASX.
According to the Financial Review, Macquarie Airports an agreement with Macquarie Group parent to buy and cancel management rights, understood by the newspaper to be worth up to $300 million.
The newspaper said Macquarie would retain its 22 per cent stake in Macquarie Airports.
Macquarie Group also holds its annual meeting in Sydney next week, and either through coincidence or plan the group may have more than usual to talk about on positioning and strategy.