Macquarie Infrastructure Group, part of the Australian investment bank which is eyeing the London Stock Exchange and is favourite to buy explosives group Dyno Nobel, has emerged as a bidder in the French government's €10bn ($12.2bn) motorway sell-off.
A source close to the bank confirmed it has teamed with Eiffage, France's third largest construction and concessions group, to bid for the French government's stakes in the toll road businesses, Société des Autoroutes du Nord et de l'Est de la France and Autoroutes Paris-Rhin-Rhone.