Macquarie Is Said to Weigh Telco Tower Firm Sale in Philippines [Yahoo! Finance]
MACQUARIE GROUP LTD S/ADR (MQBKY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Most Read from Bloomberg Under Trump, Prepare for New US Transportation Priorities Zimbabwe City of 700,000 at Risk of Running Dry by Year-End Saudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency Sace The Urban-Rural Divide Over Highway Expansion and Emissions The advisory, capital markets and investing arm of Australia's Macquarie Group Ltd. is working with a financial adviser on the potential divestment, the people said, asking not to be identified as the process is private. A deal could value the Philippine entity, created from the recent combination of PhilTower Consortium Inc. and Miescor Infrastructure Development Corp., at $700 million to $800 million, two of the people said. The combined firm doesn't yet have an official name. Other infrastructure-focused funds and industry peers have shown preliminary interest in acquiring the stake, the people said. Deliberations are ongoing and Macquarie could opt to keep its holding, they said. A represe
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