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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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.