Macquarie sold 124 million shares in the largest industrial property group on the ASX at a price of A$5.90 per security, netting A$733 million in proceeds and a pre-profit share gain of about A$300 million.
The bank acted as sole lead manager on the transaction, selling about half of the shares to founder and CEO Greg Goodman and three other cornerstone investors, and the other 50% to other institutions on the open market.
The sale is a timely exit for Macquarie Bank that has been realising gains from...
¬ Haymarket Media Limited. All rights reserved.
