June 29 (Reuters) - Australian financial conglomerate Macquarie Group (MQG.AX) said on Thursday it would divest its U.S.-based port terminal operator Ceres Terminals, with a source familiar with the matter placing the deal value north of $900 million.
The Wall Street Journal in May reported that Macquarie was looking for about $1 billion from the sale, citing sources familiar with the matter.
The deal value could be at the lower end of what the Wall Street Journal reported, the source said.
However, Ceres Terminals Jacksonville and Intermodal Container Transfer Facility in Jacksonville, managed by Ceres, will not be a part of the deal.
They will continue to be owned by MIP III, Macquarie said.
Persons:
Macquarie, MIP, MIP III, Craig Mygatt, Roushni Nair, Sameer Manekar, Rishav Chatterjee, Rashmi Aich, Subhranshu
Organizations:
Macquarie Group, Reuters, Street Journal, Wall Street Journal, Macquarie Infrastructure Partners, Nippon, Macquarie, Thomson
Locations:
Tokyo, Ceres Terminals Jacksonville, Jacksonville, Bengaluru