.
Transurban Group (ASX:TCL) will join with Australian Super to bid for the Queensland Motorways business, according to media reports.
The reports suggest QML owner Queensland Investment Corporation (QIC) has just wrapped up a two-week global roadshow, with Transurban choosing Australian Super as its ideal partner should a sale proceed.
QIC confirmed in November it had hired UBS AG and Macquarie Capital to advise on a sale of the business, with the process slated to take place in the first quarter of 2014.
Last month Transurban declared it would keep a close eye on developments with QML.
Australian super funds and Canadian pension funds have also been rumoured to be among the likely suitors.
Transurban generated a net profit of $175 million in the 2013 financial year.
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$13.69 |
Change
0.120(0.88%) |
Mkt cap ! $42.55B |
Open | High | Low | Value | Volume |
$13.60 | $13.75 | $13.40 | $69.76M | 5.111M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 104162 | $13.67 |
Sellers (Offers)
Price($) | Vol. | No. |
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$13.70 | 3000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 104162 | 13.670 |
1 | 1031 | 13.630 |
1 | 551 | 13.610 |
1 | 73 | 13.590 |
1 | 1000 | 13.570 |
Price($) | Vol. | No. |
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13.700 | 3000 | 1 |
13.750 | 2000 | 1 |
13.780 | 1000 | 1 |
13.790 | 2021 | 2 |
13.800 | 8087 | 2 |
Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
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