Macquarie Arm Weighing Deal for Title Registry Stake, AFR Says

Macquarie Asset Management is studying a deal to acquire a 50% stake in Secure Electronic Registries Victoria, a land title registry service valued at A$4 billion ($2.8 billion), the Australian Financial Review reported.

Owner Aware Super Pty. is working with adviser Barrenjoey Capital Partners on the process, with indicative bids expected in April, the newspaper said, without citing a source. SERV handles every property transaction in Victoria, Australia’s second most-populous state.