Institutional Investor Group Pays $7.05 Billion for Queensland Motorways

After an extensive bidding process, a group of investors that include, Melbourne-based Transurban Group, AustralianSuper Pty, and Tawreed Investments, won the bidding war and became the new owners of Queensland Motorways. The investor group agreed to pay A$ 7.05 billion (US$ 6.6 billion) for a 70 km network of toll roads and bridges from the Queensland Investment Corporation (QIC). ASX-listed Transurban, is Australia’s largest operator of toll roads.

In 2010, Transurban fended off a takeover attempt by CP2 Ltd and some Canadian pensions such as the CPPIB. Tawreed Investments is a sovereign wealth enterprise of the Abu Dhabi Investment Authority.

Goldman Sachs and Morgan Stanley were the advisors of the Transurban-led group.

Queensland Motorways – Consortium Splits

  • Transurban – 62.5%
  • AustraliaSuper – 25%
  • Abu Dhabi Investment Authority (Tawreed) – 12.5%

Three Investment Consortia
Group 1
Hastings Funds Management
Kuwait Investment Authority
Abertis Infraestructuras
APG

Group 2 – WINNERS
Transurban Group
Abu Dhabi Investment Authority
AustralianSuper

Group 3
IFM Investors (owned by 30 superannnuation funds)
Ontario Teachers’ Pension Plan
Borealis Infrastructure



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