Financial Times FT.com

Macquarie buys Delaware fund manager

By Peter Smith in Sydney and Sundeep Tucker in Hong Kong

Published: August 19 2009 11:37 | Last updated: August 19 2009 19:36

Macquarie Group on Wednesday unveiled separate deals in the US and China that mark a further step in the revival of the Australia-based investment bank.

The bank, based in Sydney, has sealed its largest foreign acquisition by purchasing Delaware Investments, the US money manager owned by Lincoln Financial, for US$428m.

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