ECONOMY

Macquarie official sees DEDDIE investment as ‘major opportunity’

Macquarie official sees DEDDIE investment as ‘major opportunity’

Macquarie Asset Management is in for the long haul with its planned investment in Greek power grid operator DEDDIE, a senior executive at the investment manager told Reuters, pointing to the opportunity presented by the electrification of the Greek economy.

“The electrification of the Greek economy represents a major opportunity,” Martin Bradley, a senior managing director at Macquarie Asset Management, part of Macquarie Group, told Reuters.

“The fund through which we have invested in DEDDIE… makes very long-term investments in regulated businesses, and DEDDIE matches this profile perfectly.” [Reuters]

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