Atlas Arteria completed the acquisition of Skyway Concession Company LLC

Atlas Arteria (ASX: ALX) announced that it had completed the purchase of a 66.67% majority stake in Skyway Concession Company LLC, the concessionaire of the Chicago Skyway. The remaining 33.33% stake in the Chicago Skyway continues to hold by one of the world’s leading infrastructure investors, the Ontario Teachers’ Pension Plan.

The company has financed this acquisition with the capital raised via the accelerated non-renounceable entitlement offer announced on 14 September 2022 in addition to the acquisition, which raised approximately AU$3,098 million. It also fully hedged the purchase price at the time of the acquisition and entitlement offer announcement at an average FX rate of 0.6847.

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