Feb 18 (Reuters) - Macquarie Group (MQG) has joined US-based Federated Hermes FHI.N to look to collectively sell stakes in UK's gas network operator Cadent worth 1.3 billion pounds ($1.64 billion), the Financial Times reported on Sunday.
Macquarie, which owns more than a 26% stake in the company, is in early stage talks to sell a 5% stake, while Hermes, which owns 13% of Cadent is looking to sell a 4.6% stake, the report said, citing people close to the discussions. ($1 = 0.7938 pounds)
News: MQG Macquarie plans to cut stake in UK's Cadent - FT
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Last
$223.99 |
Change
-0.100(0.04%) |
Mkt cap ! $85.37B | |||
| Open | High | Low | Value | Volume |
| $220.01 | $223.99 | $219.86 | $109.9M | 493.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 75 | $223.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $224.00 | 2463 | 6 |
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| Last trade - 16.11pm 15/09/2025 (20 minute delay) ? |
| MQG (ASX) Chart |