Atlas Arteria to acquire 66.67% majority interest in the Chicago Skyway

Sep 13, 2022

Atlas Arteria (ASX: ALX) has signed an agreement to acquire a 66.67% majority interest in the Chicago Skyway. Chicago Skyway is a 12.5 km toll road with 81 years of remaining concession life that offers congestion relief in an essential transportation corridor. The acquisition begins a partnership with Ontario Teachers' Pension Plan, which has 33.33% interest in Chicago Skyway.

The acquisition of the 66.67% majority interest represents an equity value of US$2,013 million. It is conditional upon receipt of regulatory approvals together with permission of the City of Chicago.

In this process, RBC Capital Market will be the lead financial advisor and UBS Securities Australia Limited will be financial advisor to Atlas Arteria for the acquisition.

 

 

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