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Transurban Group (ASX:TCL) is considering bidding for Sydney's Cross City Tunnel, which has been placed in receivership for the second time.
The toll road owner says it is looking into the possibility of buying the tunnel, which is currently in the hands of receivers KordaMentha.
A Transurban spokesman told media the potential acquisition looked like an interesting opportunity on face value.
The tunnel has been placed into receivership by CrossCity Motorway, which is owned by the Royal Bank of Scotland, EISER Infrastructure Partners and Leighton Contractors.
They bought the toll road out of an earlier receivership in 2007.
Transurban generated a net profit of $174.5 million in fiscal 2013.
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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 |