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Macquarie Atlas Roads Group annoubces acquisition of additional interest in APRR

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  1. Sept 14 (Reuters) - Macquarie Atlas Roads Group (MQA)

    • Will exercise pre-emptive right to acquire an additional 4.86% indirect interest in aprr for EUR 440 million
    • Acquisition will increase co's indirect interest in APRR from 20.14% to 25.00%
    • Acquisition will be funded via a A$450 million equity raising and a EUR 150 million debt facility
    • As a result of acquisition, MQA announces a 4.4% uplift to its 2018 distribution guidance from 22.5 cps to 23.5 cps
    • Acquisition expected to be dps2 and value accretive to mqa
    Discuss this via MQA

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