macquarie pulls out of seoul subway business
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Macquarie pulls out of Seoul subway business

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Arab Today, arab today Macquarie pulls out of Seoul subway business

Seoul - Yonhap

A South Korean affiliate of Australia's Macquarie Group has pulled its investment from a Seoul subway line after a controversial dispute over fares with the municipal government, city officials said Wednesday. Macquarie Korea Infrastructure Fund (MKIF), the second-largest shareholder of the Seoul Metro Line 9 Corp. with a 24.53 percent stake, sold its shares to three major local life insurance companies, they added.

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