Macquarie Buys 49 Percent Stake in Mexico Hydro-Power Project
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Macquarie Group Ltd., Australia’s largest investment bank, acquired a 49 percent stake in a hydroelectric project that Acciona SA will build in Mexico.
The bank invested 465 million Mexican pesos ($37 million) to fund construction of the 28.8-megawatt project in Nayarit, and project partner Troy Energia has a 51 percent interest, Sydney-based Macquarie said today in a statement.