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|  | « Italy's F2i infrastructure fund to have 10-12 bln eur resources to invest | Main | World Bank, IFC Support India in Scaling Up Infrastructure through Public-Private Partnerships » February 2, 2007Macquarie Bank Bid to Buy Techem Fails
Source: Forbes.com A bid by Australia's Macquarie Bank Ltd. to acquire energy-metering company Techem AG has failed because a fund it operates failed to acquire enough shares, the bank said Friday. Macquarie said its European Infrastructure Fund II only gained approval for 43.05 percent of the company's capital despite its offer of euro55 ($71.61) a share. Because of that, the fund failed to reach the threshold of 70.5 percent of the voting rights needed to control the company outright. Techem CEO Horst Enzelmueller, in a statement, said he regretted that the deal failed.Posted by pichu at February 2, 2007 8:14 PM |
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