Macquarie Group looking to raise $1 billion

Company News

by Rachael Jones

Macquarie Group (ASX:MQG) is looking to raise $1 billion in equity capital from institutional investors.

The company went into a trading halt yesterday ahead of the announcement.

It follows recent net capital investment across most regions, primarily by Macquarie Capital in the renewable, technology and infrastructure sectors and an anticipated increase in capital deployment by Macquarie Asset Management and Macquarie Capital.

They will seek to raise capital from retail investors through a share purchase plan.

Shares in Macquarie Group (ASX:MQG) closed 1.2 per cent higher yesterday at $123.51.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.