MELBOURNE, March 29 (Reuters) - Australia's sovereign wealth fund, the Future Fund, is considering buying Macquarie Group's 23.2 percent stake in airports fund MAP Group, an Australian newspaper reported on Monday.
Macquarie is rumoured to be looking for a price of around A$1.5 billion ($1.36 billion) for the stake in the fund that it managed until last year, The Age newspaper said.
On MAP's last trade at A$3.08, a 23.2 percent stake in the fund, the world's only infrastructure fund dedicated to airports, would be worth A$1.3 billion.
($1=1.106 Australian Dollar)
(Reporting by Sonali Paul; Editing by Ed Davies)
((sonali.paul@thomsonreuters.com; +61 3 9286 1419; Reuters Messaging: sonali.paul.reuters.com@reuters.net)) Keywords: MACQUARIEAIRPORTS/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Macquarie is rumoured to be looking for a price of around A$1.5 billion ($1.36 billion) for the stake in the fund that it managed until last year, The Age newspaper said.
On MAP's last trade at A$3.08, a 23.2 percent stake in the fund, the world's only infrastructure fund dedicated to airports, would be worth A$1.3 billion.
($1=1.106 Australian Dollar)
(Reporting by Sonali Paul; Editing by Ed Davies)
((sonali.paul@thomsonreuters.com; +61 3 9286 1419; Reuters Messaging: sonali.paul.reuters.com@reuters.net)) Keywords: MACQUARIEAIRPORTS/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2010 AFX News
