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Macquarie Asset Management (MAM) has acquired an additional stake in New South Wales-based energy distributor Endeavour Energy.

Endeavour Energy supplies electricity to 2.7 million people across Greater Western Sydney, the Blue Mountains, Southern Highlands, the Illawarra and the South Coast of NSW.

The seller was Rest, one of Australia’s largest superannuation funds, which divested its 12.6% stake to a fund managed by Macquarie Asset Management. MAM's stake will now be 42.76%