Macquarie has moved to realise the value of Macquarie Airports.
The company announced today that agreement had been reached to internalise the management of Macquarie Airports.
The move will see the Macquarie Airports management team no longer employed by Macquarie Capital, with Macquarie Airports chief executive Kerrie Mather being invited to join the Macquarie Airports board.
Explaining the move to the Australian Securities Exchange, the two entities said Macquarie Airports would implement the internalisation by acquiring all the issued capital in Macquarie Airports Management Limited and that Macquarie would be issued with 150 new Macquarie Airports stapled securities valued at $345 million.
