Deals
Macquarie Said to Explore Sale of $2 Billion Stake in Puget
- Australian infrastructure fund owns 42 percent of utility
- Washington state’s biggest utility was taken private in 2009
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Macquarie Group Ltd. is preparing to sell its stake in Puget Energy Inc., the biggest utility in Washington state, people familiar with the matter said.
The Australian lender’s infrastructure arm is in the early stages of studying a sale of its 42 percent interest in Puget Energy’s parent company, Puget Holdings LLC, according to the people. The stake could fetch about $2 billion, the people said, asking not to be identified discussing private information.