Chinese geopolitics hover over Sydney Airport bid
Chinaâs belligerent campaign to punish Australian exports seems certain to play a critical role in the $22 billion takeover of Sydney Airport, once the gateway to a burgeoning Chinese tourism industry.
Jul 8, 2021 â 10.19am
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Sydney Airport chairman David Gonskiâs quest to squeeze a higher takeover offer out of David Neal at the Sydney Aviation Alliance will be helped by talk of a Macquarie Group-led consortium making an offer.
The other big swing factor in terms of valuation of Sydney Airport is the outlook for international tourist traffic - and the key to that is China.
Australia’s Macquarie weighs rival bid for Sydney Airport – Bloomberg News
A mostly empty domestic terminal at Sydney Airport is seen after surrounding states shut their borders to New South Wales in response to an outbreak of the coronavirus disease (COVID-19) in Sydney, Australia, December 21, 2020. REUTERS/Loren Elliott/Files
July 8, 2021
SYDNEY (Reuters) – A consortium led by Macquarie Group is considering an offer for Sydney Airport Holdings, in a potential challenge to a A$22.3 billion ($16.7 billion) bid already on the table, Bloomberg News reported on Thursday.
Macquarie has been speaking with potential partners, including local pension funds, about making a joint offer for the airport, the report said, citing unidentified sources.
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Consortium offers $16.7 billion for Sydney Airport PUBLISHED BY 2 days ago
A consortium of investors is offering A$22.26 billion ($16.7 billion) for Sydney Airport Holdings Pty Ltd, betting on long term recovery of the travel sector after the pandemic.
The consortium offered A$8.25 (US$6.20) a share for the operator of Australia’s busiest airports, the company said in a stock exchange filing on Monday. Sydney Airport shares rose as much as 40 per cent to A$8 following the offer.
Members of the consortium include Australian investment manager IFM Investors, pension fund QSuper and Global Infrastructure Management (Australia), an affiliate of New York-based asset manager Global Infrastructure Partners.
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