The Australian Government Future Fund has announced it is considering joining two Canadian investment funds in acquiring toll road operator Transurban (ASX:TCL).
The fund’s Board of Guardians are in preliminary discussions with the Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan over taking part in the the $6.8 billion, $5.25 per share acquisition.
But the Fund added that no commitment to participate has yet been reached, as discussions are still at a preliminary stage.
The Canadian pension funds first proposed to acquire Transurban on October 27. TCL shares are currently trading at $5.56.
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