AtkinsRéalis to Divest Remaining Stake in Highway 407 ETR for $2.79 Billion

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AtkinsRéalis to Divest Remaining Stake in Highway 407 ETR for $2.79 Billion

An update from AtkinsRealis ( (TSE:ATRL) ) is now available.

AtkinsRéalis Group Inc. has announced the sale of its remaining 6.76% interest in Highway 407 ETR, a toll highway in Ontario, Canada, to Ferrovial and CPP Investments for up to $2.79 billion. This strategic divestment is structured in two main transactions: a 5.06% interest sold to Ferrovial and a 1.70% interest to CPP Investments. The transactions are expected to close in the second quarter of 2025, contingent on customary conditions and the closing of related sales by CPP Investments.

More about AtkinsRealis

AtkinsRéalis Group Inc. is a global engineering services and nuclear company with a presence worldwide. The company operates in the engineering sector, focusing on providing high-quality engineering solutions and services.

YTD Price Performance: -14.43%

Average Trading Volume: 4,281

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $7.65B

For a thorough assessment of ATRL stock, go to TipRanks’ Stock Analysis page.

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