BBC News
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The owner of Australia s busiest airport has received a A$22.26bn ($16.7bn; £12.1bn) takeover offer.
Sydney Airport said the proposal, which is below its pre-pandemic stock market valuation, was being reviewed.
Its shares jumped by more than 30% after the buyout approach was announced - a move seen as a sign of confidence in air travel recovering post-pandemic.
If the planned purchase is successful it would be the biggest such deal in the country this year.
A consortium made up of IFM Investors, pension fund QSuper and Global Infrastructure Management tabled the offer of A$8.25 a share, which is a more than 40% premium to Sydney Airport s closing price on Friday.
Australia
Sydney
New-south-wales
Heathrow
Hillingdon
United-kingdom
Perth
Western-australia
Brisbane
Queensland
Melbourne
Victoria