AustralianSuper, Singtel-backed unit to buy Macquarie's Axicom for $2.68 bln [Financial Post (Toronto, Ontario, Canada)]
Macquarie Infrastructure Holdings, LLC Common Unit (MIC)
Last macquarie infrastructure holdings, llc common unit earnings: 2/25 07:00 am
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Source: Financial Post
investment bank giant Macquarie Group Ltd, for A$3.58 billion ($2.68 billion), the companies said on Friday. Canada's new climate plan calls for 42% cut in emissions from oil and gas sector Advertisement The purchase builds on SingTel's physical footprint in Australia, where it already has No. 2 telco provider Optus, while offering a way for investment partner AustralianSuper to reach a goal of doubling its infrastructure holdings in five years. Advertisement 2 Article content Following the deal with Australia Tower Network (ATN), co-owned by Singtel and AustralianSuper, Singtel's shareholding in the combined business will be 18%, with the remaining held by AustralianSuper. “This acquisition is a unique opportunity to scale up ATN's operations and expand its customer base,” Singtel Group Chief Corporate Officer, Lim Cheng Cheng said. “It also reinforces Singtel's commitment as a long-term investor in the Australian telecoms space,” Cheng added. Shareholders of Axicom
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