By James Quinn
> The Daily Telegraph
2007 Telegraph Group Limited, London

PROLIFIC Australian infrastructure investment bank Macquarie is making its first tentative footsteps behind the former Iron Curtain after signing a deal to work with Russian investment bank Renaissance Capital.

Macquarie, best known in the UK as the owner of Thames Water and the M6 toll road, has agreed to form a joint venture with Renaissance to develop infrastructure advisory and fund management opportunities in Russia and other former Eastern bloc countries.

The deal is a first for Macquarie, which, in spite of having global operations, has yet to set foot in the former Soviet Union.

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Posted by rjorr at August 7, 2007 8:23 AM