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Article: Macquarie drops $9.2bn, with model all bull.
- Article from:
- Australasian Business Intelligence
- Article date:
- August 31, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Scott Murdoch
Aug 31, 2009 (The Australian - ABIX via COMTEX) -- The previously celebrated "Macquarie model" of the investment bank deriving fee income from its infrastructure satellite funds is no longer lucrative. The total provisioning Macquarie had to make on the entities during 2008-09 was $A9.27bn. Separation of the parent and the off-shoots is now on the agenda, with investors in Macquarie Airports for example expected to support a deal that would bring the management control in-house in return for a final payment to ...
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