MACQUARIE Group's disposal of its listed communications fund is one step closer after regulators said the sale to one of the world's biggest superannuation funds, the Canadian Pensions Plan, would not be blocked.

The Australian investment bank needed approval from the domestic Foreign Investment Review Board and the British Office of Fair Trading for the Canadian's $1.37 billion bid for the Macquarie Communications Infrastructure Fund to proceed.

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Posted by rjorr at May 23, 2009 3:51 PM