Maquarie sells interest in Chicago Skyway

Company News


Maquarie Atlas Roads (ASX:MQA) is selling the lease rights to the Chicago Skyway in Illinois for $2.8 billion. 
 
A consortium of three major Canadian pension plans will take over the company that holds the original 99 year deal to run the Skyway. 
 
MQA will make around US$100 million for its 22.5 per cent interest in the deal with financial close expected in the first quarter of 2016.
 
Macquarie Atlas Roads made a net profit of $40.28 million for the 2015 financial year. 

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