Transurban to Acquire CPPIB's Stake in Sydney Transport Partners
Transurban has entered into an agreement to acquire CPPIB's 10.5% interest in Sydney Transport Partners.
Story updates
10:47:07 PM UTC
SquawkNews
Australian toll road operator Transurban ASX:TCL said on Thursday it will acquire Canada Pension Plan Investment Board's (CPPIB) interests in NorthWestern Roads Group and Sydney Transport Partners for A$4.5 billion ($3.13 billion).The deal will increase Transurban's stakes in the owners of Sydney t…
10:52:49 PM UTC
SquawkNews
By David WinningSYDNEY--Transurban said it has agreed to acquire Canada Pension Plan Investment Board's stakes in two companies that own major Sydney toll roads, giving it majority control of three key arteries for commuter traffic.Transurban said the deal for CPPIB's 25.0% interest in NorthWestern…