Macquarie official says U.S. sale rumors are false

| 7/30/2009

Toll road giant Macquarie Infrastructure Group does not plan to sell off its U.S. assets, which include the Indiana Toll Road, as some news reports suggest, a company official said Wednesday, July 29.

Macquarie Spokesman Alex Doughty responded to a query by Land Line Magazine about recent news reports that Macquarie was considering unloading its U.S. toll assets.

“MIG is not in the market pursuing a sales process for any of its U.S. assets, including the Indiana Toll Road,” Doughty told Land Line via e-mail. “Speculation suggesting otherwise is simply incorrect.”

Several financial news sites were reporting that a July 8 statement by Macquarie fuelled speculation about the possible sale of U.S. toll assets, although assets were not specifically mentioned.

Macquarie Infrastructure Group, based in Sydney, Australia, and with offices in New York and around the world, is one of the largest global toll operators.

Macquarie has partnered with Cintra of Spain on several North American ventures, including the Indiana Toll Road and Chicago Skyway in the U.S. and the 407 Express Toll Route in Canada.

Macquarie also operates the Dulles Greenway in Virginia and the South Bay Expressway in the San Diego region.

The parent company, Macquarie Bank, started as a pension fund in Australia and has grown to specialize in finance, securities and trading.

– By David Tanner, staff writer