Australian toll road operator Atlas Arteria Ltd. has entered an agreement to acquire a majority stake in the Chicago Skyway for more than $2 billion.
The firm would acquire a 66.67% stake in the toll road from two Canadian pension funds and establish a partnership with the Ontario Teachers’ Pension Plan, which will retain a 33.33% stake, the firm announced. The pension funds had acquired the Skyway in 2016 for $2.8 billion.