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Sino-Forest says Macquarie no longer interested in it
January 21, 2007 / 2:55 PM / 11 years ago

Sino-Forest says Macquarie no longer interested in it

TORONTO, Jan 15 (Reuters) - Sino-Forest Corp. TRE.TO said on Monday that Australia’s Macquarie Bank Ltd. MBL.AX has indicated that it would not submit a proposal to Sino-Forest concerning an investment or takeover of the forestry firm.

Sino-Forest said it believes that the Macquarie letter includes CVC Asia Pacific, which it said last week was a member of a Macquarie consortium eyeing the firm.

$1=$1.17 Canadian

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