French water and waste group Veolia has said it will sell the British waste business of recycling group Suez to Macquarie Asset Management for €2.4bn following pressure from the UK’s competition watchdog. Suez said in a statement on Monday that it “confirmed its interest in acquiring” the assets and “will study in detail the terms of the agreement” before deciding “whether or not to exercise its right of first refusal”.
Government to use new powers to scrutinise sale of critical energy infrastructure by National Grid to Macquarie-led group
The fund, which was launched in 2020, received the commitments from a diverse range of returning and new institutional investors, including pension funds, insurance companies and sovereign wealth funds, Macquarie said. "The infrastructure markets across Asia-Pacific have been maturing at a particularly fast rate, and our clients continue to value the investment merits brought by infrastructure," said Frank Kwok, head of Macquarie Asset Management's real assets business in Asia-Pacific.