Atlas Arteria (ALX), a former Macquarie entity, has formally announced its acquisition of a 66.67 percent majority interest in the Chicago Skyway Toll Bridge, an essential brownfield toll road with more than 60 years of operating history in a key transport corridor. The acquisition had an equity value of $2 billion.
Shortly before the formal announcement of the transaction, ALX had confirmed its participation in the sale process for the Chicago Skyway toll road after recent media speculation brought the transaction into the headlines. ALX was one of several bidders competing for a majority stake in the skyway, which was owned by OMERS Infrastructure and CPP Investments.
IFM Investors, which owns nearly 20 percent of ALX, had written to the toll road group’s chairman, saying it wanted ALX to pull out of the bidding process, according to the Australian Financial Rev
