Breakfast Deals: Transurban off-ramp

Former Transurban suitor CP2 looks to have sold its remaining stake in the company, while Steadfast Group breathes some life into the IPO market.

The final member of Transurban’s last consortium suitor appears to have sold out, collecting a handy profit on its stake. Steadfast Group’s bookrunners will be taking bids today for its highly anticipated float. Meanwhile, OZ Minerals has missed out on Northparkes and the Cobbora site is unlikely to be packaged with Macquarie Generation by the New South Wales government.

Transurban, CP2

The market has been given a reminder of how tollroad operator Transurban, once considered a near-certain takeover target, is still flying solo.

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