UK's EG Group in talks to team up with Macquarie for Caltex Australia bid

U.K.-based EG Group is working with a financial adviser as it evaluates making an offer for Caltex.

The deal comes months after Woolworths cancelled a A$1.8 billion sale of its petrol stations to British oil giant BP Plc after it was blocked by Australia's antitrust regulator.

This appointment comes in at a time when AAM expects to launch its first credit fund in months to come.

Since 2016, Macquarie has been investing through Macquarie Asia Infrastructure Fund, which had raised over $3.1 billion to invest in Asia, including India.