+
Sydney Airport gets multi-billion dollar takeover bid
AVIATION & AIRPORTS

Sydney Airport gets multi-billion dollar takeover bid

On Monday, Sydney Airport got a multi-billion-pounds takeover bid from a consortium of Australian investors.

The consortium, which includes Australian pension fund managers, IFM Investors and QSuper and New York-based Global Infrastructure Partners, offered Aus$8.25 per share or AUD 22.3 billion ($17 billion).

The Airport's board said in a statement to the Australian Securities Exchange, the offer has been presented during a global pandemic that strongly hit the aviation industry and the Sydney Airport security price.

The Sydney Airport observed that the proposal is below where its shares had traded before the pandemic when it was trading around Aus$9.

The investors, calling themselves the Sydney Aviation Alliance, confirmed the plan, saying they funded on behalf of more than six million Australian pension fund members.

Sydney Airport's share price surged over 30% on the offer.

Image Source


Also read: Darbhanga airport expansion: IAF approves land acquisition

Also read: Deloitte appointed as consultant for Nagpur airport privatisation

On Monday, Sydney Airport got a multi-billion-pounds takeover bid from a consortium of Australian investors. The consortium, which includes Australian pension fund managers, IFM Investors and QSuper and New York-based Global Infrastructure Partners, offered Aus$8.25 per share or AUD 22.3 billion ($17 billion). The Airport's board said in a statement to the Australian Securities Exchange, the offer has been presented during a global pandemic that strongly hit the aviation industry and the Sydney Airport security price. The Sydney Airport observed that the proposal is below where its shares had traded before the pandemic when it was trading around Aus$9. The investors, calling themselves the Sydney Aviation Alliance, confirmed the plan, saying they funded on behalf of more than six million Australian pension fund members. Sydney Airport's share price surged over 30% on the offer. Image Source Also read: Darbhanga airport expansion: IAF approves land acquisition Also read: Deloitte appointed as consultant for Nagpur airport privatisation

Next Story
Infrastructure Transport

Railways Opens First Section of Bullet Train Tunnel in Maharashtra

The Mumbai–Ahmedabad bullet train project has achieved a key milestone with the opening of the first section of a 21-km undersea tunnel between Ghansoli and Shilphata in Maharashtra. The high-speed rail corridor, powered entirely by Japanese Shinkansen technology, has seen 310 km of viaducts completed, alongside rapid progress in track laying, electrical works, and station construction. Five of the 12 stations are complete, with three more nearing completion. The BKC station, located 32.5 metres underground, is designed to support a 95-metre structure above. The next-generation E10 Shin..

Next Story
Infrastructure Urban

Mahindra, Osaka Ink Pact to Boost Japanese Investment

Mahindra Industrial Park Chennai (MIPCL), along with its Japanese stakeholder Sumitomo Corporation, has signed a strategic cooperation agreement with the Osaka Prefecture and Osaka Industrial Development Bureau to support Osaka-based businesses entering India.The partnership aims to streamline entry for Japanese manufacturers, providing support such as business visits, regulatory guidance, and market insights. MIPCL and Sumitomo will act as local facilitators, while Osaka authorities will identify and recommend companies for expansion.With India’s projected GDP growth of 6.3 per cent in FY25..

Next Story
Building Material

Govt Plans Mandatory Public Procurement of Green Steel

The Ministry of Steel is working on modalities to mandate public procurement of green steel, as part of its efforts to decarbonise the industry. A Rs 150 billion Green Steel Mission is being formulated to support emission reduction and move towards net-zero targets.The mission will include a PLI scheme, incentives for renewable energy use, and mandates for government agencies to buy green steel. Green steel is produced with significantly lower carbon emissions compared to conventional methods.Speaking at the India Steel Conclave 2025, a senior official said procurement mandates are under consi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?