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BBC News Published image copyrightReuters 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.

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