Business Services Industry
QIC lifts Macquarie Airports holding.
Australasian Business Intelligence, August, 2002
Aug 18, 2002 (The Australian Financial Review
ABIX via COMTEX) -- Queensland Investment Corporation (QIC) has boosted its stake in Macquarie Airports to 10.3 per cent. QIC bought a 5.2 per cent holding in Macquarie Bank's airports investment group when it listed in April 2002. However, it subsequently increased its stake after Macquarie Airports issued 301.48 million new fully-paid shares. QIC is owned by the Queensland Government. It manages money for the Queensland public service superannuation and insurance schemes. Elsewhere, the world's biggest fund manager, Fidelity Investments, has sold five per cent of its five per cent stake in Australian gold miner, Newcrest.
Publication Date: 19 August 2002
QUEENSLAND INVESTMENT CORPORATION:...
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