Macquarie agrees to internalise Macquarie Airports management
Macquarie has moved to realise the value of Macquarie Airports.
The company announced today that agreement had been reached to internalise the management of Macquarie Airports.
The move will see the Macquarie Airports management team no longer employed by Macquarie Capital, with Macquarie Airports chief executive Kerrie Mather being invited to join the Macquarie Airports board.
Explaining the move to the Australian Securities Exchange, the two entities said Macquarie Airports would implement the internalisation by acquiring all the issued capital in Macquarie Airports Management Limited and that Macquarie would be issued with 150 new Macquarie Airports stapled securities valued at $345 million.
AUTHOR
Mike Taylor
Recommended for you
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments for investments.
Inefficient data processes and systems mean advisers are spending over half of their time on product implementation and administration at the expense of clients, according to research.
With the regulator announcing its enforcement focus for 2025 last week, law firm Hall & Wilcox examines the areas which have dropped down the list in priority for the regulator.
