Business
AtkinsRéalis Completes Sale of Remaining 6.76% Interest in Highway 407 ETR
AtkinsRéalis Group Inc. (TSX: ATRL), a world-class engineering services and nuclear company with offices around the world, today announced that it has completed the previously announced transactions for the sale by AtkinsRéalis of shares of 407 International Inc. ("Highway 407 ETR") with each of a subsidiary of Canada Pension Plan Investment Board ("CPP Investments") and a subsidiary of Ferrovial SE ("Ferrovial") under the Share Purchase Agreement entered into by all of the parties, and that all
About this update from Atkinsrealis Group Inc.
[{"type":"text","content":"MONTREAL, June 6, 2025 /CNW/ - AtkinsRéalis Group Inc. (TSX: ATRL), a world-class engineering services and nuclear company with offices around the world, today announced that it has completed the previously announced transactions for the sale by AtkinsRéalis of shares of 407 International Inc. ("Highway 407 ETR") with each of a subsidiary of Canada Pension Plan Investment Board ("CPP Investments") and a subsidiary of Ferrovial SE ("Ferrovial") under the Share Purchase Agreement entered into by all of the parties, and that all closing steps have been initiated under the Put and Call Agreement entered into by AtkinsRéalis with Ferrovial, in each case in accordance with the financial terms and conditions of such agreements as disclosed by AtkinsRéalis on March 13, 2025.","length":807,"tagName":"p"},{"type":"image","alt":"AtkinsRéalis Logo (CNW Group/AtkinsRéalis)","displaySize":"","headline":null,"caption":"AtkinsRéalis Logo (CNW Group/AtkinsRéalis)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":54,"url":"https://media.zenfs.com/en/cnwgroup.com/1521e83fb92d46e65ae43e613559006a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/AxEU6Em2.EQLjPxUa6SPGA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTk1O2NmPXdlYnA-/https://media.zenfs.com/en/cnwgroup.com/1521e83fb92d46e65ae43e613559006a","width":400,"height":54}},"href":"https://mma.prnewswire.com/media/2704301/AtkinsR_alis_AtkinsR_alis_Completes_Sale_of_Remaining_6_76__Inte.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"As a result of the deferred portion of the consideration under the Share Purchase Agreement and the exercise of the call option under the Put and Call Agreement both being exercised at the beginning of the 18 month post-closing window, total gross proceeds for these elements of the transaction were adjusted in line with the agreed formulas, and total proceeds for the complete sale of AtkinsRéalis' 6.76% interest will be approximately $2.6 billion. Management now expects a low to mid-single digit percentage effective cash tax rate on the net gain on the sale through the use of the Company's available non-capital losses.","length":639,"tagName":"p"},{"type":"text","content":"Certain sale proceeds were received by AtkinsRéalis at closing of the transactions under the S...