Original article by Jenny Wiggins
The Australian Financial Review – Page: 25 & 32 : 16-Oct-14
Toll roads operator Transurban in April 2014 paid $A7.05bn to acquire the Queensland Motorways business from state enterprise QIC. It had formed an alliance with AustralianSuper and the Tawreed Investments sovereign wealth fund of Abu Dhabi, and won out over a consortium of Hastings Funds Management and Spanish group Abertis. The latter’s CEO, Francisco Reynes, now says he was surprised that Transurban gained approval from the Australian Competition & Consumer Commission. He also believes the company should focus more on overseas toll road assets
CORPORATES
TRANSURBAN GROUP LIMITED – ASX TCL, QUEENSLAND MOTORWAYS LIMITED, ABERTIS INFRAESTRUCTURAS SA, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIANSUPER PTY LTD, TAWREED INVESTMENTS LIMITED, QIC LIMITED, HASTINGS FUNDS MANAGEMENT LIMITED, STANDARD AND POOR’S (AUSTRALIA) PTY LTD