Posted on 03/08/2007 6:15:20 PM PST by calcowgirl
Republican presidential candidate Rudy Giuliani has sold his consulting firm to the Australian company involved in the 75-year lease of the Indiana Toll Road and the privatization of other U.S. infrastructure.
The New York Times reported that Macquarie Bank of Australia parent company of Macquarie Infrastructure Group has acquired Giuliani Capital Advisors.
Giuliani reportedly profited between $70 million and $90 million from the sale of the consulting and investment company he founded in 2004. A campaign spokeswoman said in a statement that the transaction was part of Giulianis plan to focus on his campaign.
Meanwhile, Macquarie continues to reign as a big player in the toll road business.
When Illinois and Indiana rolled out the red carpet to private investors, Macquarie and a Spanish company Cintra took them up on the invitation and shelled out billions.
The two companies combined in 2005 to pay the state of Illinois $1.83 billion to lease the eight-mile Chicago Skyway and keep the tolls for 99 years. The same consortium paid the state of Indiana $3.85 billion in 2006 for the rights to the 157-mile Indiana Toll Road.
In a move in January to broaden its investment base in the U.S., Macquarie snapped up 40 community newspapers in Texas and Oklahoma.
I also wonder why people think Guiliani was some sort of heroic figure during the 9/11 attack. All I saw him do was walk around the streets of NYC after the attack. He certainly couldn't stop the buildings from collapsing. I will credit him with boosting morale and taking charge in the chaos of the moment.
As for cleaning up afterwards, if I remember correctly Guiliani had to leave office that year. Guiliani even "offered" to extend his term in office past its legal end since he thought he was the only one who could deal properly with all the trouble.
....thanks for the correction...I did not know he inherited that much to make up 500 million.....
Their together somehow.
http://www.bloomberg.com/apps/news?pid=10000103&sid=ae6qaLAI2BVo&refer=us
Kofi sends Rudi his love.
Their=They are
Here's another Bracewell and Giuliani deal:
Attorneys Bracewell & Giuliani's January Closings in Kazakhstan Total US $1.625 Billion
lawfuel.com | February 22, 2007
FR Posted on 02/26/2007 by Jim Robinson
http://www.freerepublic.com/focus/f-news/1791780/posts
ALMATY, Kazakhstan-- LAWFUEL - Law News, US Law Firms --Bracewell & Giuliani LLP closed three cases in January for a total of US $1.625 billion, acting as international counsel for the offering of corporate debt and solidifying their place as the premier legal authority on Kazakhstani business affairs in the Caspian region. We continue to thrive and grow in Kazakhstan, mirroring the country itself, said Greg Vojack, managing partner for the firm's offices in Kazakhstan. As Kazakhstan transitions into a prosperous free marketplace after the fall of Soviet Russia, its fine-tuned monetary policies are helping the countrys financial sectors grow faster than New York. ~snip~
Established in 1994, Bracewell's presence in the Republic of Kazakhstan has helped clients capture significant opportunities in the Caspian Region. The firm's energy and finance attorneys provided groundbreaking guidance to create the legal and financial infrastructure in that emerging nation and today actively advise energy and financial companies in the region and the government of Kazakhstan. ~snip~
About Bracewell & Giuliani
Bracewell & Giuliani LLP is among the nation's most prominent law firms. With 400 lawyers in New York, Texas, Washington, D.C., Kazakhstan and London, we are distinctively positioned to serve clients concentrated in the energy and financial services sectors worldwide. In 2005, former New York City mayor Rudolph W. Giuliani joined the firm as a senior partner. His international reputation for leadership and problem solving is a unique asset for our clients, which include Fortune 500 companies, major financial institutions, leading private investment funds, governmental entities and individuals. For more information about Bracewell & Giuliani, visit www.bgllp.com. (Excerpt) Read more at inform.kz ...
BTW, Macquarie Infrastructure is a subsidiary of Macquarie Bank.
This is peanuts compared to the Spanish Bank buying Compass Bank two weeks ago. Some sources were reporting BBVA bought Compass to cash in on the US-Mex wire transfer money.
Others are saying that Cintra was going to be making so much miney off of toll roads in the US, they needed a Spanish bank to keep all the money in.
Dum de dum dum.
True.
http://www.smh.com.au/news/business/macquarie-bank-buys-giuliani-firm/2007/03/06/1172943391584.html
Former New York City mayor Rudolph Giuliani has agreed to sell his boutique investment bank to Australian financial group Macquarie Group, it was confirmed today, in an effort to boost his campaign for the 2008 US presidential election.
The investment bank, Giuliani Capital Advisors, has about 105 employees in major cities including Chicago, New York and Los Angeles. It is a unit of the former mayor's consulting firm Giuliani Partners, which employs about 50 people.
(snip)
Press reports in January had said the bank had been put up for sale to prevent its clients' activities from being used against Giuliani in the presidential campaign.
What part of planet moron...steady...Upon what basis do you make an allegation that the sale of Mr. Giuliani's company must involve, to use your term, 'crooked' dealings?
And what do you mean by, "he would sell our souls to the devil"?
Just asking.
Tis early this AM. Forgot the nane of the Spanish bank that bought Texas State Bank, a biggie on the border, but it is the same Spanish b ank that bought
Compass.
Read the above article that calcowgirl posted for your answer.
Press reports in January had said the bank had been put up for sale to prevent its clients' activities from being used against Giuliani in the presidential campaign.
And what do you mean by, "he would sell our souls to the devil"?
There is not a dimes worth of difference between the dealings of Hillary and Giulani. Both have knowledge of insider trading or news. How many plain John Does made $90 million in a 3 year investment?
Really, there are some very "meow" type comments here, aren't there?
Good question. Hmm.
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