Macquarie sells out of US and European public markets
The sale will not only deliver a small profit but, importantly, create cash to invest in the expanding private markets business.
Macquarie will retain the business in Australia while exiting the key international markets.
Australian financial giant Macquarie has offloaded its North American and European investment arms to Japanese bank Nomura.
The Japanese investment house will pay A$2.8 billion ($3b) for the international operations of Macquarie Asset Management, which oversees assets spanning fixed income,
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