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IFM’s stake in Atlas Arteria creeps up to 26pc; Jarden on trade

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IFM Investors picked up $163 million worth of shares in toll roads owner Atlas Arteria in a pre-market block trade on Tuesday as its six-month creep provisions kick into action.

IFM Investors is Atlas Arteria’s largest shareholder. Alamy

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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
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/ifm-s-stake-in-atlas-arteria-creeps-up-to-26pc-jarden-on-trade-20240514-p5jded