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Australia's Atlas Arteria to raise $2.09 bln to fund Chicago Skyway stake buy

Australia's Atlas Arteria to raise $2.09 bln to fund Chicago Skyway stake buy

Reuters · 09/13/2022 21:38
Australia's Atlas Arteria to raise $2.09 bln to fund Chicago Skyway stake buy

- Australian toll road operator Atlas Arteria Group Ltd ALX.AX said on Wednesday it would raise about A$3.10 billion ($2.09 billion) to fund a majority stake acquisition in Chicago Skyway.

The company did comment on its -20% shareholder IFM Investor opposing the 66.67% stake acquisition in Chicago Skyway for an equity value of $2.01 billion.


($1 = 1.4854 Australian dollars)


(Reporting by Sameer Manekar in Bengaluru; Editing by Subhranshu Sahu)

((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))