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Transurban Group (ASX:TCL) will join with Australian Super to bid for the Queensland Motorways business, according to media reports.
The reports suggest QML owner Queensland Investment Corporation (QIC) has just wrapped up a two-week global roadshow, with Transurban choosing Australian Super as its ideal partner should a sale proceed.
QIC confirmed in November it had hired UBS AG and Macquarie Capital to advise on a sale of the business, with the process slated to take place in the first quarter of 2014.
Last month Transurban declared it would keep a close eye on developments with QML.
Australian super funds and Canadian pension funds have also been rumoured to be among the likely suitors.
Transurban generated a net profit of $175 million in the 2013 financial year.
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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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| Last trade - 16.10pm 12/09/2025 (20 minute delay) ? |
| TCL (ASX) Chart |