News: TCL Australia's ACCC Says TCL's Majority Stake In Horizon Roads Raises Concerns

June 29 (Reuters) - Transurban (TCL) :

• TCL'S MAJORITY STAKE IN HORIZON ROADS RAISES CONCERNS
• RAISED PRELIMINARY COMPETITION CONCERNS ABOUT TRANSURBAN'S PROPOSED ACQUISITION OF A MAJORITY INTEREST IN HORIZON ROADS
• OUTLINED PRELIMINARY CONCERNS ABOUT IMPACT OF PROPOSED ACQUISITION ON COMPETITION FOR FUTURE TOLL ROAD CONCESSIONS IN VICTORIA
• OUTLINED PRELIMINARY CONCERNS ABOUT IMPACT OF PROPOSED ACQUISITION ON COMPETITION FOR FUTURE TOLL ROAD CONCESSIONS IN VICTORIA
• EXAMINING IMPACT OF THE PROPOSED ACQUISITION ON THE SUPPLY OF ELECTRONIC TOLLING SERVICES (ETS) TO MOTORISTS
• CONCERNED THAT PROPOSED ACQUISITION MAY DETER EMERGENCE OF A KEY RIVAL TO TRANSURBAN FOR FUTURE TOLL ROAD CONCESSIONS
• CONSIDERS TRANSURBAN'S ADVANTAGES FROM ITS EXISTING TOLL ROAD OPERATIONS, AMONG OTHERS NEED TO BE FURTHER EXAMINED
• IF PROPOSED ACQUISITION BY TRANSURBAN DOES NOT PROCEED, LIKELY THAT HORIZON ROADS WOULD BE ACQUIRED BY ALTERNATIVE BIDDER IN SALE PROCESS
• EXTENT TO WHICH VICTORIAN GOVE HAS ABILITY TO CONSTRAIN TCL AND PROMOTE COMPETITION FOR FUTURE ROLL ROAD CONCESSIONS, ANOTHER FACTOR ARE EXAMINING