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Macquarie Group opts not to follow Bouris down the Yellow Brick Road

Joyce Moullakis
Joyce MoullakisSenior Reporter
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Macquarie Group has quietly brought to an end its six years on the investor register of beleaguered Mark Bouris-led mortgage and wealth group Yellow Brick Road.

Sources said Macquarie had offloaded its remaining YBR holding, which was less than 5 per cent, despite a takeover offer for the company lobbed by corporate raider Ron Brierley's Mercantile Investment Company last month.

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Joyce Moullakis wrote on banking and finance, specialising in Investment Banking, Private Equity, Financial Services. Connect with Joyce on Twitter. Email Joyce at jmoullakis@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/macquarie-group-opts-not-to-follow-bouris-down-the-yellow-brick-road-20180831-h14sd0