Sept 21 (Reuters) - Australia's competition regulator on Thursday opposed plans of Transurban Group (TCL) , the country's largest toll road operator, to acquire a majority interest in Horizon Roads, citing the deal would substantially lessen competition.
Under the deal, Transurban was seeking to acquire a majority interest in Horizon Roads, which holds a concession from the State of Victoria to operate the 39-kilometre-long EastLink toll road in Melbourne until November 2043.
"The proposed acquisition would result in Transurban entrenching its position in Victoria, and prevent the entry of a rival operator, which could compete closely for future toll road concessions in Victoria," Australian Competition and Consumer Commission (ACCC) Chair Gina Cass-Gottlieb said.
Transurban, in a separate statement, noted the ACCC's decision "with disappointment", and said it will consider all options available to it.
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Last
$13.65 |
Change
0.060(0.44%) |
Mkt cap ! $42.42B | |||
| Open | High | Low | Value | Volume |
| $13.62 | $13.70 | $13.56 | $43.67M | 3.201M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3914 | $13.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.66 | 2641 | 2 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| TCL (ASX) Chart |