|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|PE ratio (TTM)||0.00|
|Earnings date||30 Aug. 2018|
|Forward dividend & yield||0.22 (3.53%)|
|1y target est||6.41|
Global toll roads operator Macquarie Atlas Roads says three of its four roads generated higher toll revenue and traffic volumes during the March quarter. The APRR and Adelac tollways in France, and the ...
Global toll roads operator Macquarie Atlas Roads has lifted toll revenue for the March quarter by 5.4 per cent, and traffic volumes by 3.4 per cent, compared to the prior corresponding period. Macquarie ...
Macquarie Atlas Roads has chosen global infrastructure executive Graeme Bevans to be the chief executive of the toll roads operator once it separates its management from the Macquarie Group. Mr Bevans was formerly the chief executive in the UK of Annuity Infrastructure, head of core strategies at Alinda Capital Partners in the US, and head of infrastructure at the Canada Pension Plan Investment Board. Macquarie Atlas will be renamed Atlas Arteria once it is spun off from Macquarie Group.
Macquarie Atlas Roads will be renamed Atlas Arteria once it has separated its management from the Macquarie Group. The toll road operator, which demerged from Macquarie Infrastructure Group in 2010, has fleshed out its previously announced management plans and is searching for a new chief executive after James Hooke opted to stay with Macquarie Group. Mr Hooke has led the US-listed Macquarie Infrastructure Corporation and only succeeded Peter Trent as MQA chief executive in February.
Macquarie Atlas Roads will build its own internal management group, separating its arrangements from major stakeholder Macquarie Group. Macquarie Atlas says it will begin discussion with Macquarie to determine a transition to internalise management and expects to update shareholders no later than the company's next annual general meeting. The company says that under Macquarie's active management, Macquarie Atlas has grown from a market capitalisation of $278 million, to a top 100 ASX listed company with a market capitalisation of $4 billion,.