Region. MIG hopes to sell M7 share

Macquarie Infrastructure Group (MIG) hopes the proposed sale of a 50 per cent stake in Westlink’s 40-kilometre road, and a $600 million buyback, will restore investor confidence in its business model and turn around the toll-road operator’s ailing share price, said The Australian Financial Review. MIG’s stake in Westlink M7 was valued at $802 million. Rival, Transurban, has emerged as the leading contender to buy the half share, given its pre-emptive rights.