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Australia gets its own back Two centuries ago Lachlan Macquarie demonstrated his entrepreneurial spirit in New South Wales. Now a bank named after him is trying to do the same in London. Robert Watts looks at one of the suitors for the London Stock Exc

About 4 pages (1,178 words)

The Sunday Telegraph London, November 13th, 2005

In 1809 a British colonial administrator named Lachlan Macquarie set sail to govern the convicts of New South Wales. Nearly 200 years later an aggressive Australian investment bank bearing his name has arrived in London, intent on seizing control of one of the Square Mile's grandest institutions, the London Stock Exchange. After months of speculation, the modern Macquarie is now believed to be on the verge of making a formal bid for the Exchange. Earlier this month, it hired Goldman Sachs, the investment bank, to advise on a potential offer. If it does go ahead - it has yet to make an offici...

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