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Macquarie Considers Sale of Toll-Road Assets in India

Considerations are at an early stage and Macquarie could still decide to retain the asset for longer

March 30, 2022 / 08:02 PM IST
Representative image

Representative image

Macquarie Group Ltd.’s asset management arm is exploring a sale of toll-road assets in India as the Australian company seeks to monetize some of its early bets in Asia’s third-largest economy, according to people familiar with the matter.

Macquarie Asset Management is working with an adviser on the transaction, which could fetch about $400 million, said one of the people, who asked not to be identified as the information is private.

The assets include two toll roads in southern India that the firm fully owns and two others it partially owns in the western part of the country, the person said.

Considerations are at an early stage and Macquarie could still decide to retain the asset for longer, the people said. A representative for Macquarie Asset Management declined to comment.

Macquarie Asset Management’s funds started investing in Indian roads in 2013 as one of the largest investors in the country’s infrastructure assets, according to its website.

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Bloomberg
first published: Mar 30, 2022 08:02 pm
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