Sydney Transport Partners’ proposed acquisition of the majority interest in the WestConnex project won’t be opposed by the ACCC following the acceptance of court-enforceable undertakings.
The undertakings require Transurban (ASX:TCL) to publish important traffic data that will assist all bidders to compete for future toll road concessions.
Sydney Transport Partners is a consortium led by Transurban Limited (ASX:TCL).
The ACCC’s investigation focussed on competition for future toll road concessions in NSW.
A key issue was whether Transurban’s proposed acquisition of WestConnex, in the context of its existing interests in toll roads, would significantly reduce competition for future toll road concessions.
Sydney Transport Partners’ (ASX:TCL) is trading 0.71 per cent higher to $11.98.