MIG

Macquarie Infrastructure Group (MIG), a company that concentrates on the toll road construction and operation business was the worst performer in the ASX100 list in the 4th week. The company lost 13.1 percent or 18 cents to its stock price and was closed for the week at $1.22.

Paladin Energy, (PDN), a company that focuses in acquisition and development of uranium projects in Australia and Africa was the worst performer in the ASX100 index for the week losing 8.4 percent or 42 cents in its stock price and was closed for the week at $4.56.

The value of the toll road portfolio for Macquarie Infrastructure Group (MIG) has seen yet another downgrading worth of $2 billion which might expose the fund for a bid to takeover. The MIG authority has claimed that the present financial crisis was to be blamed for the revaluation.

Macquarie Office Trust (MOF), a major office properties owner of Australia which is engaged in property investment in Australia, USA and Europe was the worst performer in the Australian Stock Exchange ASX100 index with a loss of 17.3 percent or 4 cents in its stock price and was closed for the week at 19 cents.

Transurban Group (TCL) has announced that it will not exercise its right to acquire Macquarie Infrastructure Group's (MIG) 50% stake in the Westlink M7 toll road. The company said acquiring additional stake in the toll road would not give further value to its shareholders.In Last December, MIG said, that it is going to sell the 50% stakes in Westlink M7 to Western Sydney Road group (WSRG) for $805 million.