The spin off, which was announced in June, sets up a new listed entity called Sydney Roads Group SRG which will own and operate three toll road concessions with a combined total length of 40 kilometres.
The mature nature of the assets means SRG is likely to become the target of other toll road operators looking for a bolt-on acquisition, suggesting that this is the first real indication that Macquarie is ready to divest of some of its infrastructure assets.
But yesterday Macquarie decided...
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