Atlas Arteria announces a $1.3bn bid to pave new business

• Atlas Arteria, one of the world's largest toll road developer and operators, will be spending $100 million to sever ties from its old owner
• The company has been making the transition since April last year, away from former owner Macquarie Group
• Meanwhile, Atlas is planning a $1.3 billion equity raising plan to increase its shareholding in a European toll road company to 31.1 per cent
• Atlas will also snag two seat's on the company board
• Atlas shares will be raised at $6.90 each — a huge discount from today's listing of $7.64
• Atlas entered a trading halt this Thursday and remains valued at $7.64 per share

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