Macquarie Atlas Roads will change its name to Atlas Arteria after striking an agreement with the Macquarie Group to bring management in-house.When did Macquarie Group take over Atlas Arteria?
This followed an agreement to internalise management between Atlas Arteria and Macquarie Group entered into on 9 April 2018, and securityholder approval on 15 May 2018 at the Atlas Arteria Annual General Meeting (at which time the agreement became effective). On 1 April 2019, management of the entity transitioned to its current management team.When did Atlas Arteria become a toll road company?
Atlas Arteria (ALX), previously known as Macquarie Atlas Roads (MQA), was created out of the reorganisation of Macquarie Infrastructure Group into two separate ASX listed toll road groups in 2010.How much does it cost to run Macquarie Atlas?
The costs of running Macquarie Atlas, which has tollroad investments in the US, France and Germany, after internalisation are estimated at $15-$20 million a year – far less than the cost of being managed externally by Macquarie. Macquarie Atlas has paid Macquarie $388.7 million in base and performance fees since its listing in early 2010.