mqg seeks $2 for mig stake

UBS have independently valued MIG at $2 per security and Macquarie Group is actively seeking a buyer for that approximate amount.Possibly as may as 24 staff may be involved in seeking a buyer.

UBS has used an independent valuation of each tollway then used a NPV of fees of 15 percent of equity.

The current net tangible asset valuation is calculated at $2.84 per security but this may be a bit on the high side.

The above information was sourced from an article in the Australian Financial Review on 10 June 2009 page 20 article by Jemina Whyte.