CP2 to Keep Transurban Stake, Push for Board Changes

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AUSTRALIA/CANADA - CP2 Ltd., Transurban Group's biggest shareholder, said it intends to hold onto its stake in the Australian toll-road operator and will push for boardroom changes after a bid to buy the company with two Canadian pension funds was rejected.

"We really haven't even considered exiting," Peter Doherty, chief executive officer of the Sydney-based asset manager, said in an interview today. "We're certainly seeking board change." CP2, Ca...

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