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Chanticleer

Chanticleer

Macquarie’s last-minute sprint to March 31 balance date

If Macquarie manages a clean, quick sale of its European smart meter business, it will have pulled a rabbit out of a hat.

Hats off to Macquarie Group’s money men and women for finding some extra loose change down the back of the sofa in their most important week of the year.

As markets jump up and down and with the March 31 balance date fast approaching, Macquarie has sold UK/German smart meters business, OnStream, to fellow Australian fund manager Igneo Infrastructure Partners.

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