Not sure what to make of this one. I guess it does open a new...

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    Not sure what to make of this one.

    I guess it does open a new market for Transurban to establish their presence in, with further growth opportunities to explore in the Montreal area; but, 26.5x EV/EBITDA for a residual concession life of only 24 years looks to me like a very steep price to pay.

    Not a huge deal, in the scheme of things, but still.
 
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