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Sydney Airport agrees to $17.5 bln buyout as Australia begins reopening
Sydney Airport Holdings (SYD.AX) said on Monday it has agreed to accept a A$23.6 billion ($17.5 billion) takeover bid from an infrastructure investor group in one of Australia's biggest buyouts. The company said in a statement it unanimously recommended the buyout offer from Sydney Aviation Alliance (SAA), comprised of Australian investors IFM Investors, QSuper, AustralianSuper and U.S.-based Global Infrastructure Partners. (www.reuters.com) Más...
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Australian airports are among the most overpriced fir air carriers and passengers. Not good to hear SYD is again being flipped by investors that have no interest in operational efficiencies. Only gouging.
