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Announced

Transurban-led consortium to acquire the remaining 49% stake in WestConnex from NSW Government for $8.1bn.

Financials

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Transaction Value£5,873m
Consideration TypeCash
Capital Owned51%
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Pending

road infrastructure

Private Equity

Friendly

Single Bidder

Toll Roads

Private

Australia

Cross Border

Majority

Synopsis

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Transurban-led consortium, including CPDQ, AustralianSuper and Tawreed Investments, agreed to acquire the remaining 49% stake in WestConnex, a road infrastructure project, from the Government of New South Wales, for $8.1bn. "WestConnex plays a critical role for Sydney residents, offering faster, safer and more efficient routes around Sydney. As a longstanding infrastructure investor in Australia, CDPQ is thrilled to join forces with Transurban and Sydney Transport Partners in acquiring a stake in WestConnex, an investment which aligns with our strategy targeting high-quality infrastructure alongside partners with extensive market knowledge and operational expertise," Emmanuel Jaclot, CDPQ Executive Vice-President and Head of Infrastructure.

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