Macquarie is set to take full control of Britain’s core gas transmission network in a roughly $1.4 billion deal, as the world’s largest infrastructure investor bets on an enduring future for gas pipelines.
When Macquarie do it, it's perceived as clever and backed by the big brains factory. When WDS do it, sell side analysts get overly emotional, worry about ROIC, timing, swapping resource risk for consistency...you name it.
Woodside, page-1610
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