The competition regulator has struck out three of four possible concerns that could spoil Transurban’s planned acquisition of a majority stake in Melbourne’s Eastlink toll road owner Horizon Roads, leaving Transurban’s “incumbency advantages” open to further investigation.
It wants to determine whether Transurban’s dominance becomes so entrenched that participants in future toll road auctions are dissuaded from bidding.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
