Macquarie, the Australian investment bank that owns Wightlink, has put on of its other UK assets, Bristol International Airport, up for sale.
The Sunday Times (ST) describe it as a “scramble to raise cash.”
They quote industry sources, claiming that possible bidders might be Prudential’s M&G’s infrastructure fund and Fortis.
The ST explains that many of the assets that Macquarie bought, using debt, have now dropped considerably in value.
They claim that Macquarie’s fund are now “dumping assets at depressed prices.”
