Aug 30 (Reuters) - Australia's competition regulator said on Thursday it would not oppose a Transurban Ltd-led (TCL) consortium buying a majority stake in the country's biggest transport infrastructure project, following undertakings made by the consortium.
The Australian Competition and Consumer Commission said the undertakings included detailed data on toll traffic being published for all toll roads in New South Wales in which Transurban holds stakes.
The decision comes about three weeks after the regulator said it was reviewing an undertaking offered by Transurban, the lead member of the Sydney Transport Partners consortium, to publish detailed toll traffic data.
Australia's No. 1 toll road operator said in July that it had bid for a 51 percent stake in WestConnex, a A$16.8 billion ($12.3 billion) tollway through the middle of Sydney.
($1 = 1.3684 Australian dollars)
News: TCL Australia's competition watchdog permits Transurban-led consortium's WestConnex stake
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Last
$14.50 |
Change
0.130(0.90%) |
Mkt cap ! $45.15B | |||
| Open | High | Low | Value | Volume |
| $14.50 | $14.59 | $14.43 | $50.92M | 3.509M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13348 | $14.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.54 | 18801 | 4 |
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| TCL (ASX) Chart |