Australian PE firm Macquarie picks up majority stake in waste management firm

Australian PE firm Macquarie picks up majority stake in waste management firm

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

The asset management arm of Australian bank Macquarie Group Limited has bought a majority stake in waste management firm Coastal Waste & Recycling, the bank said on Tuesday.