-- Macquarie Group's (ASX:MQG) shares were up 0.3% in recent trading on Tuesday after a consortium comprised of Macquarie Asset Management, British Columbia Investment Management, and Manulife Investment Management agreed to sell Cleco Group, a Louisiana-based regulated electric utility, to Stonepeak and Bernhard Capital Partners, according to a statement on Monday.
The deal is subject to customary regulatory approvals. Upon close, Stonepeak will hold the majority interest in Cleco.