Atlas Arteria and Eiffage to acquire an additional 8.14% stake in APRR from Macquarie at an $21bn EV.

Atlas Arteria, one of the world's largest developers and operators of private toll roads, and Eiffage, a French civil engineering construction company, agreed to acquire an additional 6.14% stake in APRR, toll road group in France, from Macquarie at an $21bn EV. “This transaction fulfils a key strategic objective and creates significant value for securityholders. Having successfully internalised management at the parent company on April 1, we will complete the task with this Transaction and establish ourselves as a fully independent group. We will increase our interest in APRR to over 31%, restructure our arrangements with Eiffage and our other co-investors in APRR, and terminate all remaining management agreements with the Macquarie Group, providing us with independent management of our APRR investment,” Graeme Bevans, Atlas Arteria CEO.