King & Wood Mallesons has advised the Atlas Arteria Group on its fully underwritten equity raising.

This capital raising will fund the acquisition of a further interest in APRR and ADELAC, two French motorway businesses. It will be raised at A$6.90 per share, which represents a discount of 9.7% to its last close price.

The KWM team was headed by partner Henrik Moritz, who was assisted by special counsel Amanda Isouard, senior associates Shabarika Ajitkumar, Matthew Ward, and Max Allan, and solicitors Felicity Bell, Angus Moore, and Daniel Ayad.

The raising and acquisition undertaken by Atlas Arteria fit in with the group’s broader strategic objectives in which they independently manage their investments and look to continued future growth,” Moritz said.