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The government’s decision to keep a 23 July bid deadline for the sale of Sydney Motorway Corp would require Transurban to submit before the competition watchdog issues its ruling on the move in September.
The ACCC’s continued competition concerns and the postponement of its decision until September could also delay the sale process of the toll road operator, with final bids due on 23 July.
A local bid for Australia’s largest natural gas pipeline company would face fewer regulatory hurdles than the current $9.8bn offer from Hong Kong’s CK Infrastructure. But the size of the equity cheque required is proving daunting for local investors and GPs.
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