Home / Business and Economy / Transurban Buys Sydney Toll Roads for $3.1B
Transurban Buys Sydney Toll Roads for $3.1B
1 Oct
Summary
- Transurban Group acquired Australian toll road assets.
- The deal involved three major Sydney toll roads.
- Canada Pension Plan Investment Board was the seller.
Transurban Group has announced a major acquisition, agreeing to purchase A$4.5 billion ($3.1 billion) of Australian toll road assets. The seller in this substantial deal is the Canada Pension Plan Investment Board.
The acquired assets encompass stakes in three prominent toll roads situated in Sydney, a key metropolitan area in Australia. This strategic move by Transurban is expected to bolster its portfolio of infrastructure investments within the country.
Transurban plans to fund this significant transaction by utilizing its existing debt facilities. Further details regarding the specific financial arrangements and the exact stakes in the toll roads were provided in a statement on Thursday.
