Macquarie Capital is aiming to finalise the sale of its remaining stake in Spanish fibre network owner Onivia to co-investors Aberdeen and Arjun Infrastructure this year, in a transaction expected to value the company at more than $2 billion.
Macquarie’s 20 per cent stake in Onivia is held within its investment banking and principal investing division, where it uses the financial services giant’s balance sheet to buy and flip assets and advises on mergers and acquisitions.
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