Atlas Arteria completes acquisition of Germany’s Warnow Tunnel

Company News

by Rachael Jones

A global infrastructure developer and operator Atlas Arteria (ASX:ALX) reached financial close yesterday for the acquisition of the remaining 30 per cent equity interest and shareholder loan in Germany's Warnow Tunnel for €3.7 million.

As previously announced, the Acquisition increases Atlas’s total interest to 100 per cent and was fully funded by their existing corporate cash.

Atlas Arteria changed its name from Macquarie Atlas Roads in May when it dropped the parent company

Shares in Atlas Arteria (ASX:ALX) shares are down 1.29 per cent to $6.88.