News: TCL Transurban Group acquires remaining stake in Sydney's M5 West motorway

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    Aug 7 (Reuters) - Australia's Transurban Group (TCL) said on Wednesday that it acquired the remaining 34.6% stake in Sydney's M5 West motorway it didn't previously own for A$468 million ($316.60 million).

    It now owns 100% of the roadway. The toll road network operator also announced a placement of A$500 million ($338.1 million) to fund the acquisition.

    ($1 = 1.4791 Australian dollars)

 
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