Macquarie May Take 12% Stake in Charter Hall, Australian Says Share Business ExchangeTwitterFacebook| Email | Print | A A A By Robert Fenner
Feb. 11 (Bloomberg) -- Macquarie Group Ltd. may take a 12 percent stake in Charter Hall Group and give up management of two real estate investment trusts in a stock swap, the Australian newspaper reported.
Charter Hall would get stakes and management rights to Macquarie Office Trust and shopping center owner Macquarie CountryWide Trust, the newspaper said citing unidentified people familiar with the situation.
The total package may be worth as much as A$500 million ($438 million), including A$140 million for the management rights and Macquaries stakes in the trusts, the newspaper said.
MCW Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held
