Atlas Arteria boss Hugh Wehby is facing pressure from his biggest shareholder, the $126 billion funds manager IFM Investors, not to rush into new acquisitions after telling investors he was considering new toll road investments and potential asset swaps.
IFM, which owns 32.6 per cent of Atlas Arteria, is opposed to further equity raisings or the company taking on debt to pursue acquisitions, according to people close to the investment group but not authorised to speak publicly.
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