Transurban looking to buy the rest of Sydney’s M5 West motorway

Company News

by Rachael Jones

Transurban (ASX:TCL) released their full year results today showing profit from ordinary activities after tax decreased 63.7 per cent to $170 million.

Revenue from ordinary activities increased 26.3 per cent to $4,166 million.

They are looking to raise $500 million through a fully underwritten institutional placement and up to $200 million through a share purchase plan to acquire the 34.62 per cent of the M5 West it does not already own for $468 million.

Shares in Transurban (ASX:TCL) are currently in a trading halt - Last traded at $15.23.