Future Fund eyeing Macquarie's airports stake -report
MELBOURNE, March 29 |
MELBOURNE, March 29 (Reuters) - Australia's sovereign wealth fund, the Future Fund, is considering buying Macquarie Group's (MQG.AX) 23.2 percent stake in airports fund MAP Group MAP.AX, 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)
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