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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.