Saturday, July 24, 2021
All countries COVID-19 Cases
Total confirmed cases
Updated on July 24, 2021 8:20 PM

Sydney airport receives $ 16.74 billion purchase offer from consortium By Reuters

Must Read
- Advertisement -
© Reuters. FILE PHOTO: Passengers walk with their luggage towards the gates at Sydney International Airport in Australia, October 25, 2017. Photo taken on October 25, 2017. REUTERS / Steven Saphore

(Reuters) – Australia’s Sydney Airport Holdings Pty Ltd said on Monday that a consortium of investors proposed to buy the airport operator for A $ 22.26 billion ($ 16.74 billion).

The proposed A $ 8.25 per share represents a 42% premium over Sydney Airport’s closing price on Friday. However, it is discounted from where the company’s shares were trading in 2020 before the COVID-19 lockdowns.

Sydney Airport said the consortium is comprised of IFM Investors, QSuper pension fund and Global Instructure Management.

The company noted that the offer is below its pre-pandemic share price and said it is reviewing the proposal.

IFM, QSuper and Global Infrasture did not immediately respond to a request for comment.

The airport operator has hired Barrenjoey and UBS as financial advisers.

($ 1 = 1.3294 Australian dollars)

Disclaimer: Fusion Media I would like to remind you that the data contained in this website is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.

- Advertisement -


Please enter your comment!
Please enter your name here

- Advertisement -
Latest News

Chelsea Hawska has been criticized for editing photos of her daughter Walker

Teen Mom 2 alum Chelsea Huska faced backlash for editing photos of one...
- Advertisement -

More Articles Like This

- Advertisement -