Toll road operator, Transurban (ASX:TCL) has announced its reached financial close on the acquisition of the A25 toll road in Montreal.
CEO Scott Charlton says the purchase marks an important step for the business as it establishes its second market in North America.
The company announced the $840 million acquisition of the Canadian toll road in March.
The A25 is a 7.2 kilometre toll road and bridge connecting Northern Montreal to commercial and residential areas.
Back at home the ACCC is continuing to review the proposed acquisition by a Transurban led consortium of a 51 per cent interest in the WestConnex.
Shares in Transurban (ASX:TCL) closed 1.43 per cent lower at $11.48 yesterday.