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Transurban, Australia's largest pay-TV company, spared the Berejiklian government after making a final offer to buy a majority stake in WestConnex, ensuring two parties remain in the multi-billion dollar auction dollars. The deadline for closed bids Monday at 10am is maintaining competitive tension in the bidding process for Australia 's largest infrastructure contract this year.
A consortium led by Transurban will compete with IFM Investors and its partners for a 51% stake In WestConnex, the prospect of a higher selling price than in the case of a single party remained to win
Transurban told investors that its offer was conditional on approvals from the competition regulator and the Foreign Investment Review Board. he said that he remained confident of getting.
Transurban Managing Director Scott Charlton said the company would "work constructively and collaboratively" with the government to "conclude its process as quickly as possible".
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