Macquarie Infrastructure Corp. (MIC) is planning to actively pursue strategic alternatives, including a sale of the company or its operating businesses, the firm announced on Oct. 31.
MIC has also entered into a disposition agreement with Macquarie Infrastructure Management (MIMUSA), the external manager of the company.
“Over the past 18 months, we have successfully executed initiatives including the sales of smaller and noncore businesses, which have strengthened our balance sheet and increased our financial flexibility,” stated Christopher Frost, CEO of MIC. “Building on the momentum created by these actions, we are confident that now is the appropriate time to consider sales of our remaining businesses in order to unlock additional value for our shareholders.”
No decisions have been finalized, nor has a timetable been given for any sales, and all decisions are subject to approval by the MIC board of directors.
MIC said it does not plan to updat
