Macquarie Group opts not to follow Bouris down the Yellow Brick Road
Joyce MoullakisSenior Reporter
Updated
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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