Macquarie Atlas Roads acquisition of additional interest in APRR

Company News

by David Murdoch

Macquarie Atlas Roads (ASX:MQA) has announced it will exercise a pre-emptive right to acquire an additional 4.86 per cent indirect interest in APRR for 440 million euro.

The Acquisition will increase Macquarie Atlas Road’s (ASX:MQA) indirect interest in APRR to 25 per cent from 20.14 per cent.

APRR is Europe’s fourth-largest motorway operator, and finances, builds, maintains and manages motorways and toll structures entrusted to it by the State, in exchange for toll payments.

Macquarie Atlas Roads (ASX:MQA) also announced a distribution of 10 cents per stapled security for the second half of 2017.

A trading halt was placed on Macquarie Atlas Roads this morning.