Transurban (ASX:TCL) is ready to sign the WestConnex deal as it announce today a planned equity raising of $4.2 billion.
The financial close of the acquisition is expected late September.
Transurban along with AustralianSuper, CPPIB and Tawreed Investments as Sydney Transport Partners have executed an agreement for a 51 per cent equity stake in WestConnex from the NSW Government for $9.3 billion.
They also plan to raise $600 million through a placement to certain STP consortium members.
Shares in Transurban, (ASX:TCL) are on trading halt, last traded at $12.06