Macquarie Reassigns Corio and Cero to Corporate Division Before Green Asset Sales
Macquarie Asset Management has transferred control of its balance-sheet green energy platforms, Corio and Cero, to Macquarie Group’s corporate center. This move comes amid challenges faced by the offshore wind industry.
Context and Implications
The shift indicates a strategic adjustment by Macquarie Asset Management ahead of potential green asset sales, reflecting broader sector headwinds.
Macquarie Asset Management has handed control of its balance-sheet green energy platforms to Macquarie Group’s corporate centre amid headwinds for the offshore wind sector.
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Author's summary: Macquarie shifts its green energy platforms Corio and Cero to the corporate division, signaling strategic adjustments amidst challenges in offshore wind sector growth.