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Australia’s Macquarie to Buy British Motorway Operator Roadchef

Macquarie Asset Management says it will support Roadchef in developing and accelerating the rollout of fast-charging infrastructure for electric vehicles


EV charging
Soaring prices of battery ingredients may set the clock back in meeting targets for green­ energy vehicles. Photo: Reuters

 

Australia’s Macquarie Group agreed on Friday to buy Roadchef, one of Britain’s top motorway service area operators, from Antin Infrastructure Partners.

Motorway service areas offer amenities such as toilets, accommodation, food and beverage outlets, apart from refuelling and recharging facilities to motorists.

Macquarie Asset Management said it would support Roadchef in developing and accelerating the rollout of fast-charging infrastructure for electric vehicles (EVs).

The deal comes as the demand for electric vehicles in Britain picks up, with its auto industry seeking mandate targets to roll out EV charging infrastructure.

 

 

The companies did not disclose the terms of the deal, although a report earlier said the deal would be worth around 900 million pounds ($1.2 billion).

Macquarie, Australia’s largest asset manager, has been stepping up its focus on green investment in recent months.

In late 2021, Macquarie’s green investment arm agreed to buy Germany’s second-largest gas pipeline operator, Thyssengas, to use the company’s grid network to transport climate-friendly gases.

 

  • Jim Pollard

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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