Macquarie CEO says talk of M&G takeover bid 'speculative'

Macquarie CEO says talk of M&G takeover bid 'speculative'

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 chief executive of Macquarie Group Ltd on Tuesday dismissed as speculation reports the Australian investment bank was exploring a takeover bid of about 5 billion pounds ($6 billion) for British money manager M&G.

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