Australia's Atlas Arteria soars on buyout offer from IFM Global Infrastructure Fund

Atlas Arteria

27/04/2026 06:19

Updates

** Shares of Atlas Arteria ALX.AX rise as much as 15.5% to A$5.00, their highest level since February 26

** Toll roads operator on track for strongest intraday session since June 8, 2022

** IFM Global Infrastructure Fund offered to acquire all shares it does not currently own in Atlas Arteria for A$4.74 per unit, valuing it at A$6.89 bln ($4.92 bln)

** IFM's to increase offer to A$5.10 if its investmen unit Diamond's relevant interest in co's securities is 45% or more before close of offer

** War-driven selloff opened rare window to acquire a long-term strategic asset at price shaped by temporary noise rather than underlying value - Hebe Chen, market analyst, Vantage Markets

** ALX up 0.6% YTD

($1 = 1.3992 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))