MIRA prepares bid for 16% stakes in Ausgrid from AustralianSuper
Date
September 03, 2021
Type
M&A Transactions
Subtype
Transaction launched
Countries
Australia
Subsectors
Ground Transmission
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Macquarie Group’s Macquarie Infrastructure and Real Assets (MIRA) has contracted Macquarie Capital and RBC Capital Markets as advisers on its plan to acquire a 16.4% stake in Ausgrid from minority shareholders AustralianSuper.
Ausgrid is the largest electricity provider in New South Wales. The company provides a safe and reliable electricity supply for parts of Sydney, the Central Coast, and the Hunter regions of NSW.
The deal is expected to be worth more than AUD2 billion (US$1.48 billion).
