Atlas Arteria chief executive Hugh Wehby set the cat among the pigeons last week when he announced the toll road operator was actively looking at new opportunities across the OECD.
Atlas Arteria also put some numbers behind its ambitions, shelling out $9 million on “growth-related activities” in the 2025 financial year. It intends to spend another $5 million to $10 million per year over the next two to three years.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com