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Macquarie Group Unit to Acquire 50% Stake in Secure Electronic Registries Victoria From Aware Super

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Macquarie Group's (ASX:MQG) Macquarie Asset Management unit agreed to acquire a 50% ownership interest in Secure Electronic Registries Victoria, the private operator of Victoria's Register of land, from industry superannuation fund Aware Super, the investment banking company said in a statement on Monday.

Aware Super will retain the remaining 50% ownership stake in Secure Electronic Registries Victoria.

Completion of the transaction is anticipated in the fourth quarter of the year, per the statement.

Macquarie Group shares fell 1% in midday trade Monday.

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