Source: Globe and Mail

By RICHARD BLACKWELL

Algonquin can submit competing offer, or back down for $2.6-million in break fees

Macquarie Bank Ltd., the acquisitive Australian financial institution that has been snapping up Canadian assets from roads to nursing homes, is now making a further foray into Canada's energy business.

Macquarie Power & Infrastructure Income Fund (MPT) has offered to buy Clean Power Income Fund, a Toronto-based trust that owns the 99-megawatt Erie Shores wind farm in Ontario along with several hydro and biomass plants across the country.

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Posted by pichu at April 17, 2007 11:12 PM