trending Market Intelligence /marketintelligence/en/news-insights/trending/ytstrlxnfisyls3t-9hbqq2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Transurban Group buys Canadian infrastructure


Corporate & Municipal CUSIP Request Volumes Climb for Second Straight Month


Root & Branch: A monthly review of the sustainable LEVFIN market


Banking Essentials Newsletter - April Edition


Can We Uncover The Subtext Behind Credit Ratings Research? Part III

Transurban Group buys Canadian infrastructure

Highways and railtracks company Transurban Group said it clinched a deal with Macquarie Infrastructure Partners to acquire 100% of the equity interest in a 7.2-kilometer toll road and bridge in Montreal for C$840 million.

The A25 connects Northern Montreal across the Rivière des Prairies to commercial and residential areas. It opened to traffic in 2011 with the concession ending in 2042.

Transurban CEO Scott Charlton the deal is part of the company's focus on heavily congested, urban areas with strong demographics.

The deal also includes unspecified transaction costs of C$18 million.