A report prepared by officials in Virginia warns that the financials at the ASX-listed motorway group’s Dulles Greenway will “very likely remain depressed”.
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.
IFM’s sudden plunge into the toll road operator’s stock has thrown its future as a listed entity into doubt, as investors weigh up whether a full takeover bid is next.