Atlas Arteria
TypePublic
PredecessorMacquarie Infrastructure Group
Founded2010
Websitewww.atlasarteria.com

Atlas Arteria (ASX: ALX), formerly known as Macquarie Atlas Roads, is one of the world's largest developers and operators of private toll roads.

Intoll demerger

Macquarie Infrastructure Group (MIG) had a portfolio of 11 toll roads across seven countries including Australia. MIG had previously in June 2006 spun off Sydney Roads Group which included its stake in three Sydney toll roads, namely M4 Western Motorway (50.61%), M5 South-West Motorway (50%) and Eastern Distributor (71.35%). Sydney Roads Group was sold to Transurban in April 2007.[1][2][3][4]

In February 2010 MIG underwent a restructure into two separately listed companies; Intoll and Macquarie Atlas.[5] Whilst Macquarie Atlas continues to be managed by Macquarie, Intoll is internally managed. Murray Bleach is the chief executive officer of Intoll.[6] At the time, Intoll (ASX: ITO) owned and managed a 25% interest in the Westlink M7 in western Sydney, Australia and a 30% interest in the 108 km-long 407 Express Toll Route in the Greater Toronto Area of Canada.[7] Intoll was acquired in full by Canada Pension Plan Investment Board (CPPIB) on 14 December 2010.[8]

In 2018, Macquarie Atlas Roads changed its name to Atlas Arteria after an agreement with the Macquarie Group to bring management in-house.[9]

References

  1. ↑ "Macquarie hits the road running". Sydney Morning Herald. 8 February 2005.
  2. ↑ "Transurban takeover gets green light". Sydney Morning Herald. 8 March 2007.
  3. ↑ "Macquarie fund to sell Sydney toll roads". Financial Times. 19 June 2006.
  4. ↑ "Transurban finalises Sydney Roads takover". The Australian. 27 April 2007. Retrieved 5 November 2020.
  5. ↑ Michael Bennet (22 January 2010). "Macquarie Infrastructure to split into Intoll International, Macquarie Atlas Roads". The Australian. Retrieved 8 August 2012.
  6. ↑ "ASX: Intoll Group (ITO)". Archived from the original on 18 August 2010. Retrieved 23 April 2010.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  7. ↑ "Intoll: Frequently asked questions". Archived from the original on 25 September 2010. Retrieved 24 July 2012.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  8. ↑ "Intoll website". Archived from the original on 30 December 2010.
  9. ↑ Jenny Wiggins (9 April 2018). "Macquarie Atlas Roads to become 'Atlas Arteria' after splitting from Macquarie". Australian Financial Review. Retrieved 3 June 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.