Macquarie spin-off may attract larger buyer

Infrastructure buyers watch closely as the A$1.1 billion spin off of MacquarieÆs mature motorways hits a bump in the road.

Macquarie Infrastructure Group MIG has delayed the A$1.1 billion demerger of three Sydney toll road assets just one day before the offer to retail and institutional investors was due to close.

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...

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