The board of Sydney Airport has agreed to a buyout from a consortium led by Melbourne-based IFM Investors for A$23.6bn (US$17.5bn). The consortium, known as Sydney Aviation Alliance, offered the airport A$8.75 a share. The deal values Sydney Airport’s equity at approximately $23.6 billion and represents an uplift in equity value of approximately $1.3 billion to the price of $8.25 initially offered by the Consortium in July 2021, and a $7.9 billion uplift to Friday’s (Nov. 5) closing price. The Sydney Airport Boards unanimously recommended that Sydney Airport securityholders vote in favour of the takeover, in the absence of a

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In
   
Forgot password? Click here to reset
New User? Click here to register