Atlas Arteria Explained

Atlas Arteria
Type:Public
Predecessor:Macquarie Infrastructure Group
Foundation:2010
Homepage:www.atlasarteria.com

Atlas Arteria, 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 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]

Notes and References

  1. Web site: Macquarie hits the road running. Sydney Morning Herald. 8 February 2005.
  2. Web site: Transurban takeover gets green light. Sydney Morning Herald. 8 March 2007.
  3. Web site: Macquarie fund to sell Sydney toll roads. Financial Times. 19 June 2006.
  4. Web site: Transurban finalises Sydney Roads takover. The Australian. 27 April 2007. 5 November 2020.
  5. News: Macquarie Infrastructure to split into Intoll International, Macquarie Atlas Roads. 8 August 2012. The Australian. 22 January 2010. Michael Bennet.
  6. Web site: ASX: Intoll Group (ITO) . 2010-04-23 . bot: unknown . https://web.archive.org/web/20100818034457/http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=ITO . August 18, 2010 .
  7. Web site: Intoll: Frequently asked questions . 2012-07-24 . bot: unknown . https://web.archive.org/web/20100925140341/http://www.intoll.com/FAQs . September 25, 2010 .
  8. Web site: Intoll website. https://web.archive.org/web/20101230082651/http://www.intoll.com/. 30 December 2010.
  9. News: Macquarie Atlas Roads to become 'Atlas Arteria' after splitting from Macquarie. 3 June 2018. Australian Financial Review. 9 April 2018. Jenny Wiggins.