Macquarie Divests Ceres Terminals To Carrix
Portfolio Pulse from Nabaparna Bhattacharya
Macquarie Group (OTC:MQBKY) has agreed to sell Ceres Terminals Holdings LLC to Carrix, a marine terminal operator. The deal was conducted by Macquarie Infrastructure Partners III, a fund managed by Macquarie Group. The deal value could exceed $900 million. Ceres Terminals Jacksonville and the Intermodal Container Transfer Facility in Jacksonville are not included in the transaction. MQBKY shares closed lower by 1.31% at $115.70 on Wednesday.
June 29, 2023 | 11:53 am
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NEUTRAL IMPACT
Macquarie Group has sold Ceres Terminals to Carrix, potentially impacting its stock price.
The sale of Ceres Terminals by Macquarie Group could have a potential impact on its stock price. However, the exact impact is uncertain as it would depend on how the market perceives this divestment. The fact that the shares closed lower by 1.31% on the day of the announcement might suggest some negative sentiment, but it's too early to draw a definitive conclusion.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100