Transurban Group
(ASX:TCL) will join with Australian Super to bid for the Queensland Motorways business, according to media reports.
The reports suggest QML owner Queensland Investment Corporation (QIC) has just wrapped up a two-week global roadshow, with Transurban choosing Australian Super as its ideal partner should a sale proceed.
QIC confirmed in November it had hired UBS AG and Macquarie Capital to advise on a sale of the business, with the process slated to take place in the first quarter of 2014.
Last month Transurban declared it would keep a close eye on developments with QML.
Australian super funds and Canadian pension funds have also been rumoured to be among the likely suitors.
Transurban generated a net profit of $175 million in the 2013 financial year.
