29-Sep-2009 12:00 PM

Macquarie Airports may have to pay a performance fee

Australia’s Macquarie Airports (MAp) could reportedly be liable to pay its parent investment bank, Macquarie Group, a performance fee of up to AUD85.2 million, related to its rising share price (The Australian, 29-Sep-2009). Meanwhile, Global Airports’ attempts to postpone MAp’s shareholder vote on its internalisation plan, scheduled for 30-Sep-2009, is ongoing in the NSW Supreme Court.