Atlas Arteria will pay former owner Macquarie Group $100 million to sever all remaining ties after raising $1.3 billion to increase its stake in French toll road Autoroutes Paris-Rhin-Rhone (APRR).
The Australian toll road company will lift its stake in the 1880 kilometre French toll road, which connects Paris with Lyon and is the fourth-biggest tolled road network in Europe, by 6.1 per cent to 31.1 per cent.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
