14:56:12 EDT Fri 14 Mar 2025
Enter Symbol
or Name
USA
CA



Atkinsrealis Group Inc
Symbol ATRL
Shares Issued 174,842,212
Close 2025-03-13 C$ 64.75
Market Cap C$ 11,321,033,227
Recent Sedar Documents

Globe says Atkinsrealis divests share of 407 toll road

2025-03-14 07:39 ET - In the News

The Globe and Mail reports in its Friday edition that the Public Sector Pension Investment Board is acquiring a piece of Ontario's 407 ETR toll road. The Globe's Jameson Berkow writes that in a series of transactions, AtkinsRéalis said it was divesting its 6.76-per-cent stake in the toll road for nearly $2.8-billion. Spanish construction giant Ferrovial will buy most of that stake -- 5.06 per cent -- for $2.1-billion and CPP Investments will acquire AtkinsRéalis's remaining stake for $700-million. In a parallel deal, PSP Investments will acquire 7.51 per cent of the 108-kilometre toll road, which runs from Burlington to Oshawa, from CPP Investments for an upfront payment of nearly $2.4-billion plus an undisclosed deferred payment to be made up to 18 months after the deal closes. The PSP investment is being made amid mounting pressure on Canada's largest pension funds to make more of their investments inside Canada. The federal government has openly called on major pension funds, the "Maple 8," to boost their domestic investments. AtkinsRéalis first put its stake in the 407 up for sale in June, 2024. Based on the price AtkinsRéalis is getting for its stake, the entire toll road is now valued at more than $40-billion.

© 2025 Canjex Publishing Ltd. All rights reserved.