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Sale of Wales and the West Distribution Network position |
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19 November 2004 Macquarie Bank Limited today advised it had sold, and recovered its costs relating to, a 14 per cent entitlement of Wales & the West Gas Distribution Network (DN) in the UK to original consortium co-investors, which included Challenger Financial Services Group Limited. The Bank’s remaining 3 per cent position in DN will be sold following completion of the transaction, which is scheduled for mid-2005. Macquarie Bank formed part of a consortium which in August 2004 purchased DN for £1.2 billion. It announced it would contribute £67 million ($A172 million) for its 17 per cent equity position and would sell down its position to investors on, or prior to financial close. For further information, please contact:
Erica Sibree |
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| Important
information | Privacy
policy ©2004 Macquarie Bank Limited ABN 46 008 583 542 |
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Where we provide any advice on this website, it has been prepared without considering your objectives, financial situation or needs. Before acting on any advice on this website, you should consider its appropriateness to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website. Past performance of any product described on this site is not a reliable indication of future performance. Any Macquarie subsidiary noted on this page is
not an authorised deposit-taking institution for the purposes of the Banking
Act (Cwth) 1959. That subsidiary's obligations do not represent deposits
or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL).
MBL does not guarantee or otherwise provide assurance in respect of the
obligations of that subsidiary, unless noted otherwise. |
