09 December 2010
MOSCOW - The State Company "Russian Highways" (GC Avtodor) and Macquarie Capital CIS Holdings Pty Ltd (Macquarie) have signed a Memorandum of Understanding and Cooperation. The document has been signed by Sergey Kelbah, acting Chairman of the Board of GC Avtodor, and Damian Secen, Managing Director, Head of Macquarie in Russia and CIS.
The aim of the Memorandum is to establish and further development of a strategic partnership in investing activities between the parties, in order to facilitate cooperation in assessing attractiveness of infrastructure projects involving Public Private Partnership (PPP) mechanisms.
As part of the agreement, the parties will form a permanently functioning working group, which will focus on the development of possible efficient investment structures and ways to attract financing for them.
The cooperation between the parties will be based on the principles of mutual trust and sharing of accumulated investment experience.
- ENDS -
About Russian Highways:
The State company "Russian Highways" was founded in accordance with the Federal Law № 145-FZ “On the State Company “Russian Highways” and amendments to certain legislative acts of the Russian Federation” dated July 17, 2009, in order to maintain and develop the highway network under the Company’s trust management, as well as to improve the quality of its services for the users.
About Macquarie Group:
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie Group Limited (ACN 122 169 279) is listed on the Australian Stock Exchange (ASX:MQG; ADR:MQBKY) and, as the owner of Macquarie Bank Limited, is regulated by APRA, the Australian banking regulator. Macquarie also owns a bank in the UK, Macquarie Bank International Limited, which is regulated by the FSA. Founded in 1969, Macquarie employs more than 14,600 people in approximately 70 office locations in 28 countries. At 31 March 2010, Macquarie had assets under management of $A326 billion.
Macquarie Capital CIS Holdings Pty Ltd (ACN 132 864 950) is also an Australian registered company and is a wholly owned subsidiary of Macquarie Group Limited. The Russian branch of Macquarie Capital CIS Holdings Pty Ltd was entered into the Unified State Register of Branches of Foreign Companies Accredited in the Territory of Russia in February 2010 and is valid until 19 January 2015.
Corporate Communications and Investor Relations Division
Macquarie Group Limited
Direct line: +44 (0)20 3037 2420