MAP says has no plans to raise capital
Published: 23 Jul 2009 17:51:13 PSTSYDNEY, July 24 - Macquarie Airports <MAP.AX> on Friday said it had no plans to raise capital and would remain listed, after agreeing with Macquarie Group <MQG.AX> to take over the management rights, the latest of the investment bank's funds to break away.
"It would be silly to raise capital, we've certainly got plenty of capital at the moment," Trevor Gerber, chairman of the Independent Board Committee of Macquarie Airports Management Limited, told Reuters.
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