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Wed, Feb. 12, 4:50 AM
- Goldman Sachs (GS) and Deutsche Bank (DB) are looking to exit an area of operations that not that many people know they're involved in: trading supplies of raw uranium, which is also known as yellow cake.
- Between them, the companies have built up stockpiles of low-grade uranium larger than those held by Iran.
- However, with scrutiny of banks' physical-commodities trading increasing and uranium demand low following the Fukushima disaster, the firms are looking to sell their uranium trading desks.
- Australian bank Macquarie (MCQEF) is reportedly interested in Goldman's operations, which are called NUFCOR.
Wed, Jan. 29, 5:11 AM
- JPMorgan (JPM) could choose a winner this week in the auction of its commodities unit, which has attracted interest from Blackstone (BX), Macquarie (MCQEF) and Mercuria Energy, Bloomberg reports.
- The business could fetch $2B, below the $3.3B JPMorgan was apparently looking for when it put the business on the block.
- The firm is selling the operations amid increasing scrutiny of banks' commodity operations following allegations of problematic practices. (Previous)
Aug. 13, 2013, 3:49 AM
- Lloyds (LYG) has reportedly received offers for its asset-finance and commercial-lending units that value the businesses at over A$1B ($912M).
- Suitors that made preliminary bids include National Australia Bank, Westpac Banking (WBK), ANZ Banking, Commonwealth Bank of Australia (CBAUY.OB) and Macquarie Group (MCQEF.PK). Lloyds will probably cut the shortlist to three by the end of the month.
- The sale will continue Lloyds' strategy of streamlining its operations and help it plug a capital shortfall identified by U.K. regulators.
Aug. 27, 2012, 1:50 AMAfter two years of trying, Hertz (HTZ) is set to acquire Dollar Thrifty (DTG) in a deal worth $2.3B. The price of $87.50/share represents a premium of 8% on the latter's close of $81 on Friday. To help obtain the blessing of regulators, Hertz also agrees to sell its Advantage Rent-A-Car unit to Franchise Services of North America and Macquarie Capital for a reported $16M. (PR) | 1 Comment
Apr. 2, 2012, 11:42 AMAustralia's Macquarie (MQBKY.PK) is planning to this year raise a $2B infrastructure fund focused on the U.S. and Canada after fully investing its second, $1.6B fund, Reuters reports. Macquarie has averaged gross internal rates of return of over 20% in its previous investments in North American infrastructure. | Comment!
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MCQEF vs. ETF Alternatives
Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services.<br /><br />Macquarie's main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail... More