Transurban submits bid for WestConnex assets

Company News

by Anna Napoli

A Transurban (ASX:TCL) led consortium has today submitted a bid for a 51 per cent interest in the WestConnex assets that are currently for sale by the NSW Government.

Transurban’s bid is conditional on approvals from the ACCC and the Foreign Investment Review Board

Transurban says it will continue to work with both agencies to enable the Government to conclude it’s process as quickly as possible and achieve the best outcome for NSW taxpayers and road users.

The NSW government says it’s committed to securing the proceeds from the transaction to help complete the WestConnex Motorway.

Shares Transurban (ASX:TCL) are trading 0.58 per cent lower at $11.90

  

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.