Transurban to Buy Brisbane Toll Road for A$1.87 Billion

Updated on
  • Company plans to raise A$1.03 billion in rights offer
  • Acquisition price is half the road's construction costs

Transurban Group agreed to buy a 7-kilometer highway in Brisbane for A$1.87 billion ($1.35 billion), half of the construction costs, to widen its network of toll roads in Queensland state.

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