Aug 31 (Reuters) - Transurban Group (TCL) :
- ANNOUNCES WESTCONNEX ACQUISITION WITH $4.2 BILLION EQUITY RAISING AND FY19 DISTRIBUTION GUIDANCE MAINTAINED AT 59.0 CPS
- CO, AUSTRALIANSUPER, CPPIB AND TAWREED INVESTMENTS LIMITED EXECUTED AN AGREEMENT TO ACQUIRE A 51 PCT EQUITY STAKE IN WESTCONNEX FOR $9.3 BILLION
- TO RAISE $4.2 BILLION VIA 10 FOR 57 ACCELERATED PRO RATA RENOUNCEABLE ENTITLEMENT OFFER WITH RETAIL ENTITLEMENTS TRADING
- TO ALSO RAISE $600 MILLION VIA PLACEMENT TO CERTAIN STP CONSORTIUM MEMBERS
- FINANCIAL CLOSE OF ACQUISITION EXPECTED IN LATE SEPTEMBER, SUBJECT TO FOREIGN INVESTMENT REVIEW BOARD
- TRANSURBAN (50 PCT), AUSTRALIANSUPER (20.5 PCT), CPPIB (20.5 PCT), TAWREED INVESTMENTS (9 PCT), AS SYDNEY TRANSPORT PARTNERS (STP) EXECUTED DEAL
- PLACEMENT OF $600 MILLION TO AUSTRALIANSUPER & TAWREED INVESTMENTS LTD
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