The Australian Competition Watchdog (ACCC) has given Transurban Group
(ASX:TCL) the all clear to bid to acquire Queensland Motorways’ tollroads.
The ACCC said the acquisition of Queensland Motorways Group’s tollroad operations in Queensland would be unlikely to substantially lessen competition.
They determined that the proposed acquisition would not enable Transurban to raise prospective rivals' costs, through higher roaming fees, for future opportunities to own and operate tollroad concessions.
The ACCC also said State governments’ responsibilities for awarding new tollroad concessions would likely constrain Transurban in relation to both the market and the supply of tollroad concessions.
Transurban reported a net profit of $81 million in the first half of the 2014 financial year.
