Business Services Industry
Macquarie Bank ramps up Korean investment
Business Asia, April, 2004
> Two more assets have been acquired for $239 million by Macquarie Bank's Korean road fund. Macquarie says its Korean Road Infrastructure Fund (KRIF) bought a 99 per cent stake in Baekyang Tunnel Ltd for $146 million and a 49 per cent interest in Machang Bridge for $93 million. "Both investments are unique to the Korean private infrastructure market and fit with KRIF's strategy of investing in high yielding infrastructure assets with long concession rights," Macquarie said in a statement.
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