Australia: Sydney airport sold to federation for 15 billion euros

Australia: Sydney airport sold to federation for 15 billion euros

Sydney Airport

The Board of Directors Of ‘airport Kingsford-Smith de Sydney Accepted the acquisition offer of 23.6 billion Australian dollars (15 billion euros) Federation Sydney Aviation Alliance (SAA) to get the first airport on the island-continent (44.4 million annual passengers before the health crisis).

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Sydney Airport Holdings’ directors unanimously recommended the acquisition of SAA by Australian investors IFM Investors, QSuper and AustralianSuper and the US group Global Infrastructure Partners. ” Sydney Airport Board of Directors believes the decision reflects the appropriate long-term value for the airport and unanimously recommends the proposal to title holdersSaid David Gonsky, chairman of the board.

Acquisition of Australia’s only public commercial airport operator The country has relaxed its restrictions on international borders this month, for the first time since the outbreak of the Kovit-19 epidemic. However, with the report of an independent expert, the approval of 75% of the airport operator’s shareholders and the green light of the competition regulator and the Foreign Investment Review Board, the process can take months. .

The deal between Sydney Airport Holdings and SAA provides a $ 150 million refund if it is terminated by either party.

Australia: Sydney airport sold to consortium for 15 billion euros 1 Air Journal

Sydney Airport

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https://www.air-journal.fr/2021-11-09-australie-laeroport-de-sydney-cede-a-un-consortium-pour-15-milliards-deuros-5231515.html

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About the Author: Cory Weinberg

Cory Weinberg covers the intersection of tech and cities. That means digging into how startups and big tech companies are trying to reshape real estate, transportation, urban planning, and travel. Previously, he reported on Bay Area housing and commercial real estate for the San Francisco Business Times. He received a "best young journalist" award from the National Association of Real Estate Editors.

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