Atlas Arteria (ASX:ALX) completes $420 million equity raising

Company News

by Katrina Bullock

Toll road operator, Atlas Arteria (ASX:ALX) has successfully completed its $420 million equity raising.

Under the placement approximately 67.7 million new ordinary shares will be issued at a price of $6.20 per share.

The company says the placement received strong demand from both domestic and offshore institutional investors and was oversubscribed.

Atlas Arteria signalled this morning that it will also offer certain existing eligible shareholders the opportunity to participate in a Security Purchase Plan with a view to raising a further $75 million.

Shares in Atlas Arteria (ASX:ALX) are trading 0.45 per cent higher at $6.73.

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.