ConnectEast Group

ConnectEast is a single-purpose entity dedicated to the successful delivery of the EastLink tollway. It is responsible for the financing, design, construction, maintenance and operation of the landmark project.

In an initial public offer (IPO), ConnectEast raised about A$1.1billion from over 14,000 investors and listed on the Australian Securities Exchange (ASX Code: CEU) in November 2004.

The board and executive management team of ConnectEast have significant experience in road engineering, tollway operation and the delivery of major infrastructure projects. Our aim is to operate a world-leading tollway in terms of affordability, urban design, environmental impact and customer service.

ConnectEast’s investor profile has grown steadily and it now has over 30,000 investors, with more than half of these living in Victoria - including many who reside in suburbs along the EastLink route.

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Latest News

Market Wrap: Aus shares down

04 Oct 2011 - Aus shares down. Sundance Resources Limited (ASX:SDL) is expected to be taken over by China’s Hanlong mining within the next two months after the company recommended …

Market Wrap: Aus shares close higher

27 Sep 2011 - Aus shares close higher. RIO Tinto Limited (ASX:RIO) has officially bought the Koodaideri South tenement from Iron Ore Holdings Limited (ASX:IOH) for $32 million.

Midday: Aus shares bounce 3%

27 Sep 2011 - Aus shares bounce 3%. CP2’s $2.17 billion takeover bid for toll road owner ConnectEast Group (ASX:CEU) looks set to go ahead.

ConnectEast trading halt ahead of takeover vote

26 Sep 2011 - ConnectEast Group (ASX:CEU) shares are in a trading halt ahead of a vote on a $2.17 billion takeover offer.

Market Wrap: Aus shares spike on Euro hopes

16 Sep 2011 - Aus shares spike on Euro hopes. Fortescue Metals Group Ltd’s (ASX:FMG) founder Andrew Forrest has spent around $100 million on acquiring the iron ore miner’s stock i…

Midday: GDP boosts Aus share gains

07 Sep 2011 - Q2 GDP boosts Aus share market gains. Intrepid Mines Ltd (ASX:IAU) denies that it is in merger discussions.

ConnectEast recommends Horizon bid

22 Jul 2011 - ConnectEast Group (ASX:CEU) recommends minority shareholders accept a more than $2 billion takeover bid from its largest shareholder CP2.

Macarthur Coal rejects $10 carbon tax

31 May 2011 - Macarthur Coal Ltd's (ASX:MCC) chairman, Keith De Lacy, rejects that a proposed $10 carbon tax starting rate will be effective.

ConnectEast Easter tolls increase

06 May 2011 - The ConnectEast Group (ASX:CEU) certainly had a good Easter, with toll use up 7.7 per cent for April.

Market Wrap: Shares flat despite jobs data

07 Apr 2011 - Shares flat despite jobs data. Ten Network Holdings Ltd (ASX:TEN) posts a 15.6 per cent drop in first half net profit, prompting chief executive Lachlan Murdoch to de…

Market Wrap: Stocks finish higher

17 Feb 2011 - Stocks finish higher. Wesfarmers Ltd (ASX:WES) booked a net profit of $1.173 billion after tax for the six months to the end of December.

ConnectEast Group increases Dec revenue

07 Jan 2011 - ConnectEast (ASX:CEU) says average daily revenue for December was 10 per cent higher in 2010 compared with the previous year.

Outlook: Aus shares tipped for steady start

07 Dec 2010 - Aus shares tipped for steady start. Origin Energy Ltd (ASX:ORG) expects underlying EBITDA to rise by around 35 per cent and underlying profit to lift by 15 per cent i…

ConnectEast reports Aug traffic increase

07 Sep 2010 - ConnectEast Group (ASX:CEU) reports a 15.8 per cent increase in average daily revenue for August.

ConnectEast July traffic revenue up

06 Aug 2010 - ConnectEast Group (ASX:CEU) ConnectEast reports increased traffic and revenue for July.

ConnectEast Group Ltd (ASX:CEU) says traffic, revenue on EastLink accelerated in May

07 Jun 2010 - ConnectEast Group Ltd (ASX:CEU) announces that traffic and revenue on its EastLink tollway in Melbourne accelerated in May.