Macquarie, Canada Pension Are Among Bidders on India Road Assets [Financial Post (Toronto, Ontario, Canada)]
MACQUARIE GROUP LTD S/ADR (MQBKY)
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Source: Financial Post
from India's quasi-sovereign infrastructure fund, according to people with knowledge of the matter. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Macquarie Group Ltd. and an investment trust backed by the Canada Pension Plan Investment Board are among short-listed bidders to buy road assets from India's quasi-sovereign infrastructure fund, according to people with knowledge of the matter. The deal could be worth about $300 million to $500 million, the people said, asking not to be identified as the details aren't public. The assets, with an enterprise value of $1 billion, are part of the National Investment & Infrastructure Fund's roads platform known as Athaang Infrastructure, they added. Athaang's portfolio consists of five stretches of highways, including toll roads, running a combined 230 kilometers (143 miles) across India, according to the firm's website. Article content Article conten
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