Sept 20 (Reuters) - Transurban Group (TCL) :
- ANNOUNCES WESTCONNEX ACQUISITION WITH A$4.2 BILLION EQUITY RAISING
- CURRENTLY EXPECTS TO RECEIVE MORE THAN A$600 MILLION OF POTENTIAL CAPITAL RELEASES UNTIL FY25 RESULTING FROM ITS INCREASED STAKE IN WESTCONNEX
- WILL ACQUIRE REMAINING 49% EQUITY STAKE IN WESTCONNEX FROM NSW GOVERNMENT FOR A$11.1 BILLION
- ACQUISITION WILL TAKE STP'S TOTAL OWNERSHIP INTEREST IN WESTCONNEX TO 100%
- ACQUISITION EXPECTED TO BE FREE CASH PER SECURITY ACCRETIVE OVER NEAR, MEDIUM AND LONG-TERM
- THIS IS IN ADDITION TO MORE THAN A$2.0 BILLION OF POTENTIAL CAPITAL RELEASES EXPECTED TO BETWEEN FY21 AND FY25 FROM NUMBER OF ASSETS
- PROVIDES DISTRIBUTION GUIDANCE OF 15.0 AU CPS FOR HY ENDING 31 DECEMBER 2021
- TOTAL FY22 DISTRIBUTION IS STILL EXPECTED TO BE IN LINE WITH FY22 FREE CASH EXCLUDING CAPITAL RELEASES
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Last
$14.37 |
Change
0.020(0.14%) |
Mkt cap ! $44.75B | |||
| Open | High | Low | Value | Volume |
| $14.38 | $14.40 | $14.26 | $61.61M | 4.298M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 565 | $14.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.38 | 26795 | 4 |
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| TCL (ASX) Chart |