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Macquarie overturns regulator's restrictions in Techem saga

Australia-listed Macquarie Bank has overturned a German regulator's restriction that barred it from making a revised offer for Germany's biggest utility meter measurement company.

On Friday, the Germany's Federal Financial Supervisory Authority - BaFin - released Macquarie's bid vehicle, Macquarie European Infrastructure Fund II Energie Beteiligungen from a 12-month restriction that prevented it from making a new tender offer for Techem.

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