Keppel Infrastructure Trust acquires 97.68% stake in Ventura Motors
Ventura Motors leads Victoria's public bus services with 530 routes.
Keppel Infrastructure Trust acquired a 97.68% stake in Victoria-based Ventura Motors.
Ventura's Managing Director and CEO, Andrew Cornwall, holds the remaining minority stake in the company.
The transport services operator holds the largest market share of public bus services in Victoria, operating around 530 of Melbourne's approximately 1,200 routes.
Post-acquisition, KIT’s assets under management will grow from $8.1b as of 2 January 2024 to $8.8b.