Australia's Atlas Arteria falls after court rejects toll increase application

Atlas Arteria

18/07/2025 06:21

** Shares of Atlas Arteria Group ALX.AX down 0.9% at A$5.125, on track for their weakest session since July 11, if losses hold

** The toll-road owner says the Supreme Court (SC) of Virginia has affirmed the State Corporation Commission's decision denying an application by TRIP II, a partnership entity ALX now fully owns

** The application sought approval for an increase in the maximum level of tolls for the Dulles Greenway in north Virginia, which TRIP II operates

** A federal case which was stayed in anticipation of the SC judgement, investigating TRIP II for constitutional violations, will now proceed, adds co

** Session's losses trim stock's YTD gains to 7.9%

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))