Macquarie severs ties with Southern Cross

Original article by Dominic White, Sarah Thompson
The Australian Financial Review – Page: 31 : 21-Mar-16

Macquarie Group has sold its entire shareholding in regional TV broadcaster Southern Cross Media Group. Nine Entertainment Company recently paid $A1.15 per share for 9.9 per cent of Macquarie’s 26.1 per cent stake in Southern Cross Media. Sources have indicated that Macquarie has since offloaded all of its remaining shares to institutional investors at $A1.08 per share.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, WIN CORPORATION PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, ALLAN GRAY AUSTRALIA PTY LTD

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