SYDNEY, AUSTRALIA: Atlas Arteria (ASX:ALX) has entered into an agreement to acquire a 66.67% majority interest in the Chicago Skyway, a 12.5km toll road with 81 years of remaining concession life that provides congestion relief in an essential transportation corridor.
The acquisition establishes a partnership with Ontario Teachers’ Pension Plan, which is retaining its 33.33% interest in Chicago Skyway.
The acquisition of the 66.67% majority interest represents an equity value of US$2,013 million and is subject to receipt of regulatory approvals including consent of the City of Chicago.
RBC Capital Markets is acting as lead financial advisor and UBS Securities Australia Limited is acting as financial advisor to Atlas Arteria for the acquisition. UBS Securities Australia Limited and RBC Capital Markets, are acting as joint lead managers, bookrunners and underwriters in relation to an equity capital raising to fund the acquisition.
Atlas Arteria (ASX:ALX) is a global owner, operator and developer of toll roads, creating value for our investors over the long-term through considered and disciplined management. The roads we own, operate and develop benefit communities through reduced travel time, greater time certainty, reduced fuel consumption and carbon emissions.