MQGPC News: Australia's Macquarie Group to divest ownership in US port terminal operator Ceres - 29th Jun 2023, 11:16am

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(Reuters) - Australian financial conglomerate Macquarie Group Ltd said on Thursday that a fund managed by its asset management arm had signed an agreement to divest its ownership of U.S.-based port terminal operator Ceres Terminals Holdings LLC.

In May, the Wall Street Journal reported Macquarie's sale of North American port facilities business, Ceres Terminals, in a deal valued at $1 billion, citing sources familiar with the matter.

Macquarie Infrastructure Partners III has signed the agreeme...

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