Melbourne-based Atlas Arteria will not take on cross-town rival Transurban Group for a stake in EastLink, and will instead focus on bedding down its recent $US2 billion acquisition in the United States.
Atlas Arteria boss Graeme Bevans, who overseas a bunch of offshore toll roads, ruled out his company for the upcoming auction on a results call with analysts and investors on Thursday morning.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
