Consortium Flies High With Offer for Sydney Airport

A consortium of institutional investors has offered to buyout Sydney Airport. On June 5, Sydney Airport Holdings Pty Ltd confirmed that a cash buyout of $16.7billion USD was made for one of Australia's largest airports.

Buyout Details

In a virtual meeting with the investors, it was announced that they have offered $8.25 (AUD) per share. This represents a 42% premium on the share. The consortium is made up of notable names in the industry, such as IFM, QSuper and Global Infrastructure Partners. If successful, this would be one of the biggest takeovers in Australian corporate history. It would surpass the $7.3 billion bid for Crown Resorts Ltd. UniSuper is one of the major investors holding a 15% stake in the Sydney Airport. But it has yet to comment on the buyout. UBS and Barrenjoey ...

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