The giant Abu Dhabi Investment Authority has sold a $253.6 million block of Transurban shares to institutional investors after the market closed tonight.
ADIA had a holding of less than 5 per cent in the toll road group and was a partner with AustralianSuper in the Transurban-led consortium that paid $7.1 billion for Queensland Motorways in 2014.
Three years ago ADIA dumped a 4.8 per cent stake in Transurban.
ADIA is believed to have sold its entire Transurban stake, which represents around 1 per cent of the company.
After earlier selling its Transurban stake in 2013, it had quietly bought back into the stock as part of the equity raising for the toll road operator’s purchase of Queensland Motorways a year later.
Transurban was ADIA’s only listed investment in Australia.
Add your comment to this story
Macquarie closes off $12bn infrastructure fund for Americas
The infrastructure giant has used its newly raised fund to finance a $US2.4bn deal with materials and chemicals maker Dow.
Goldman Sachs makes fresh hires for equities team
The Wall Street bank is hiring operatives from RBC and UniSuper.
To join the conversation, please log in. Don't have an account? Register
Join the conversation, you are commenting as Logout