Australia's Macquarie explores $6b deal for British money manager M&G

Australia's Macquarie explores $6b deal for British money manager M&G

The logo of Australia's Macquarie Group Ltd adorns a desk in the reception area of their Sydney office headquarters in Australia. REUTERS/David Gray

Australian investment bank Macquarie Group Ltd is in the early stages of exploring a takeover bid of over 5 billion pounds ($6 billion) for British money manager M&G, Sky News reported on Wednesday citing sources.