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Reuters
Reuters
Business

Australia's Transurban to sell half of Greater Washington area assets for $2 billion

Australian toll-road operator Transurban Group said on Thursday it would sell half of its Greater Washington area assets to AustralianSuper, Canada Pension Plan Investment Board and UniSuper for A$2.8 billion ($2.12 billion).

The deal includes a potential earn-out of up to A$93 million between 2024 and 2026.

The transaction is expected to be completed by the end of 2021.

($1 = 1.3201 Australian dollars)

(Reporting by Arundhati Dutta in Bengaluru; Editing by Anil D'Silva)

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