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Future Fund may join Canadians in Transurban buy

Future Fund may join Canadians in Transurban buy

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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Tags Future FundMergers and acquisitionsTransurban

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