The commodities part of Macquarie Group will become a shareholder in London-based sugar trading business Czarnikow. It will buy a 42.5 per cent stake from Sucrogen, now a subsidiary of commodities trading group Wilmar International.Czarnikow was valued in the accounts of Sucrogen in 2010 at US$23.8 million, prior to the sale of the business, by CSR, to Wilmar. The Financial Times reported that Czarnikow posted an after-tax profit of US$5.8 million in 2011, less than half that of 2010.Macquarie began trading in physical sugar in 2011.Associated British Foods also owns a 42.5 per cent stake in Czarnikow, while an employee trust holds 15 per cent. Wilmar International will cease to be a shareholder.In another Macquarie move, the Australian Financial Review reports today that Macquarie has won a mandate to manage a A$582 million infrastructure fund for the Philippines Government.The fund has a broad mandate, investing in transport, energy, power, water, communications and environment.