ASX Announcements
Yesterday
Atlas Arteria dodges second strike on remuneration at AGM
IFM Investors backed the toll road group’s remuneration report this year but the company has hit another setback in its attempts to raise toll fares in the US.
- Jenny Wiggins
This Month
IFM’s stake in Atlas Arteria creeps up to 26pc; Jarden on trade
The infrastructure investor paid $5.62 a share in a pre-market block trade on Tuesday morning.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Atlas Arteria’s ‘back-up plan’ to fight French taxes
The tollroad group is cutting costs and jobs as it tries to keep dividends at current levels, chief executive Graeme Bevans says.
- Jenny Wiggins
March
Atlas Arteria investors fear board shake-up at AGM
Atlas Arteria shareholders say IFM Investors could use its near 25 per cent stake to force a second strike at the company’s annual general meeting in May.
- Jenny Wiggins
February
Atlas Arteria to be more ‘transparent’, explore special dividends
The toll road group flags more share buybacks and special dividends to boost its share price, which plunged after the acquisition of Chicago Skyway in 2022.
- Jenny Wiggins
Atlas Arteria’s 40pc Washington toll rise proposal hits dead end
A report by officials in Virginia warns that the financials at the ASX-listed motorway group’s Dulles Greenway will “very likely remain depressed”.
- Jenny Wiggins
November 2023
IFM Investors inches up Atlas Arteria’s register; Jarden trades block
Street Talk understands IFM spent $169 million to buy another 2 per cent of Atlas Arteria via a block trade handled by Jarden’s equities desk on Tuesday.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September 2023
Atlas Arteria to fight new French motorway taxes
Toll road group Atlas Arteria’s lucrative French motorway could be hit with a new annual tax of almost $200 million after the French government released its 2024 budget.
- Jenny Wiggins
- Opinion
- Chanticleer
‘The gloves are off’: Investors turn against boards
Reporting season’s done, AGMs are coming, and fund managers are throwing their weight around behind closed doors. It’s popcorn time.
- Anthony Macdonald
August 2023
Atlas Arteria profit up 17pc as toll roads get inflation boost
The tollroad group has been able to push through big increases in fares but has warned its lucrative French road could be more heavily regulated in future.
- Jenny Wiggins
May 2023
Atlas Arteria hit with big protest vote, keeps PwC as auditor
Investors have been particularly frustrated about the $3 billion purchase of a large stake in the Chicago Skyway in the US last year
- Simon Evans
- Opinion
- Chanticleer
Big year for tollroad group sets up AGM showdown
Atlas Arteria has fended off IFM Investors, bet the company on a US toll road, and asked its shareholders for $3 billion. It’s been a huge year but not everyone’s happy.
- Anthony Macdonald
February 2023
Atlas Arteria to bypass EastLink sale
Melbourne-based Atlas Arteria will not take on cross-town rival Transurban Group for a stake in EastLink.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Atlas Arteria boss bullish on Chicago Skyway as net profits rise 47pc
CEO Graeme Bevans says the US does not appear to be heading into recession after returning from Chicago to check out the company’s new $3 billion acquisition.
- Jenny Wiggins
January 2023
Atlas Arteria says ‘pre-COVID’ trends are back as traffic slides
The popularity of private cars during the pandemic may have peaked as people return to buses, planes and trains.
- Jenny Wiggins
December 2022
IFM adviser Ken Daley to join Atlas Arteria board
A deal has been struck between the company and its biggest shareholder, IFM Investors, to manage conflicts of interest.
- Jenny Wiggins
IFM Investors close to getting Atlas Arteria board seat
The $200 billion global investment group is expected to drop threats to spill the tollroad group’s board once a director’s seat is secured.
- Jenny Wiggins
November 2022
Dan Andrews ignoring commercial realities in SEC revival plan
The AFR Infrastructure Summit hears the Victorian plan to re-instate the SEC is “very unwise” and won’t lower power prices.
- Simon Evans
October 2022
Transurban ‘confident’ on future traffic, says CEO Scott Charlton
Australia is “better placed” than many countries to withstand a slowdown in economic growth, says Transurban’s boss who forecast that traffic on the company’s toll roads would keep going up.
- Jenny Wiggins
Atlas Arteria stock back in play after $3b equity raise
Now that Atlas Arteria’s super-sized $3 billion equity raising is done and dusted, investors who don’t own stakes in the toll road group can review whether the slide in its share price makes the stock cheap.
- Jenny Wiggins
