ACCC Rejects Transurban’s Proposal to Acquire Horizon Roads

“The proposed acquisition would result in Transurban entrenching its position in Victoria,” said ACCC Chair Gina Cass-Gottlieb.

ACCC Chair Gina Cass-Gottlieb speaks to media during a press conference at the ACCC Office in Sydney, Australia, on June 8, 2022. AAP Image/Bianca De Marchi

The Australian Competition and Consumer Commission (ACCC) has blocked a proposal from Transurban, Australia’s largest toll road operator, to acquire a majority stake in Horizon Roads fearing it could potentially lessen competition.

The consumer watchdog said that it prioritised the Victorian government’s submission regarding the proposal.