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Reuters
Reuters
Business

Transurban Group acquires remaining stake in Sydney's M5 West motorway

(Reuters) - Australia's Transurban Group <TCL.AX> said on Wednesday that it acquired the remaining 34.6% stake in Sydney's M5 West motorway it didn't previously own for A$468 million ($316.60 million).

It now owns 100% of the roadway. The toll road network operator also announced a placement of A$500 million ($338.1 million) to fund the acquisition.

(Reporting by Syed Saif Hussain Naqvi in Bengaluru; Editing by Sam Holmes)

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