Transurban will own RBC Capital Markets analyst Paul Johnston said in a note to clients that it was difficult to see how, given the sale price, the deal would be accretive to free cash flow per share over the next three years. Please try again later. The Sydney Morning Herald. By Jared Lynch April 25, — 3. Save Log in , register or subscribe to save articles for later. Normal text size Larger text size Very large text size. License this article. Jared Lynch is based in Melbourne, covering food, factories and farms, as well as other company news.
QIC says the sale price demonstrates improvements made by commercialising the business. QIC chief executive Officer Damien Frawley says the price demonstrates the high quality of the network. A spokeswoman for Queensland Treasurer Tim Nicholls says the deal signals investors clearly have confidence in the Queensland economy. At the same time, the RACQ says the sale of the state's major tollway operator could lead to cheaper travel for motorists.
We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. Transurban will run the company on behalf of the other minority owners. The sale does not give the new owner the power to increase toll prices. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a. Email Sarah at sarah.
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