Source: The Australian

By Robert Clow

A MACQUARIE Bank European infrastructure fund increased its bid for German electricity and water metering company Techem by a quarter to E1.36 billion ($2.3 billion) yesterday in response to a rival bid from private equity firm BC Partners.

MacBank's Macquarie European Infrastructure Fund II has also increased its stake in the German company to 27.2 per cent, suggesting that BC will struggle to win the company even if it ups its bid from E44 a share.

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Posted by pichu at December 13, 2006 12:14 AM