Australia approves Canada bid for Macquarie unit
Published: 21 May 2009 15:57:10 PSTSYDNEY, May 22 - Australia has given foreign-investment approval for a Canadian pension fund's $930 million bid for Australian investment firm Macquarie Communications Infrastructure Group <MCG.AX> (MCG).
MCG said on Friday the Foreign Investment Review Board had confirmed it had no objections to the Canada Pension Plan Investment Board's proposal.
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