Takover offer: Part of Macquarie Group’s asset management arm, MIRA, already holds interests in the telecom sector with a stake in mobile tower owner Axicom, formerly Crown Castle Australia. — Reuters
SYDNEY: Australia’s Vocus Group said Macquarie’s funds had lodged a non-binding offer to acquire the fibre network owner for A$3.42bil (US$2.62bil) and would open its book to the firm, sending its shares almost a fifth higher.
The approach from Macquarie Infrastructure and Real Assets Holdings (MIRA) – one of at least three since 2019 – carries a price of A$5.50 per share, already the highest from any recent suitor, and could spark a competitive process for the telecom company.
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