Transurban shares will resume trading on Friday after the toll road operator completed the institutional component of the $1.025 billion equity raising that will part-fund the purchase of Brisbane's AirportLinkM7 tunnel.
The company has raised $738 million from the first stage of the one-for-18 pro rata offer after about 90 per cent of entitlements were taken up.
Transurban will now make the remaining new securities available in a retail shortfall bookbuild that opens on December 3.
"We will now work to finalise the acquisition of AirportlinkM7, and remain well positioned to pursue the pipeline of investment opportunities across our networks," chairman Lindsay Maxsted said.
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