BREAKFAST DEALS: Macquarie moves

Macquarie's latest sale raises a few questions, while speculation takes an interesting turn at IAG.

The aura surrounding investment banks took a battering during the global financial crisis and the time investors devote to their moves has ebbed somewhat in the aftermath. But wise onlookers will remember they’re filled with smart people. Hence, Macquarie’s sale of a stake in Britain’s Thames Water raises a few questions: Is it the sluggish British market, or an easing love of water utilities? Or is it just time, having clenched the asset five years ago? Meanwhile, Insurance Australia Group rumours have taken an entirely different turn, with Mike Wilkins apparently shopping in Malaysia. Elsewhere, APA Group might have to do better to win Hastings Diversified Utilities Fund, there’s a handful more deals in the pipeline for the coal sector and Beach Energy mightn’t have to tap its shareholders after all.

Macquarie Group, Abu Dhabi Investment Authority



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles