Atlas Arteria provided update on IFMs acquisition of ALXs security

Atlas Arteria (ASX: ALX) announced that IFM Global Infrastructure Fund has obtained a combined relevant and economic interest in ~15% of the issued securities of Atlas Arteria. The holding includes securities acquired by IFM after market-close yesterday at AU$8.10 per security.

Further, IFM Global Infrastructure Fund (IFM) might request from ALX access to some limited company data to evaluate whether it can submit a non-binding indicative proposal to Atlas Arteria to acquire 100% Atlas Arteria securities it does not own. Also, IFM pointed that any proposal submitted would be conditional on, amongst other things, satisfactory conclusion of due diligence by IFM.

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