Global ranking: 49th biggest by passenger traffic in 2019
Australia ranking: Biggest by passenger traffic in 2019
2019 passenger traffic: 44.46 million
2020 passenger traffic: 11.24 million
Traffic split in 2019: 62% domestic, 38% international
May 2019 passenger traffic: 3.51 million
May 2021 passenger traffic: 1.44 million
Traffic split in May 2021: 94% domestic, 6% international
Last equity raising: A$2 billion in August 2020
Liquidity (at April 30): A$500 million cash, A$2.4 billion undrawn bank debt facilities
Credit rating: Committed to maintaining at least BBB/Baa2
($1 = 1.3298 Australian dollars)
Sydney Airport gets a $ 16.7 billion purchase offer; the rise in stock is the price offered by Reuters
By Jamie Freed and Scott Murdoch
SYDNEY (Reuters) -Sydney Airport Holdings Pty Ltd said on Monday that a group of infrastructure investors had proposed a $ 22.266 billion ($ 16.7 billion) purchase from Australia’s largest airport operator, despite its shares being lower than the bid price.
If successful, it would be Australia’s largest deal this year, surpassing Endeavor Group Ltd and Star Entertainment Group Ltd’s $ 7.3 billion bid for Crown Resorts Ltd.
The Sydney Aviation Alliance – a consortium of IFM Investors, QSuper and Global Infrastructure Partners – has offered $ 8.25 per share at Sydney Airport, a 42% premium until the stock closes on Friday.
Sydney Airport gets $16.7 billion buyout bid as investors take longer-term view on travel
FILE PHOTO: Passengers walk with their luggage towards departure gates at Sydney International Airport in Australia, October 25, 2017. Picture taken October 25, 2017. REUTERS/Steven Saphore
July 5, 2021
By Jamie Freed and Scott Murdoch
SYDNEY (Reuters) -A group of infrastructure investors has proposed one of Australia’s biggest-ever buyouts, a A$22.26 billion ($16.7 billion) purchase of Sydney Airport Holdings Pty Ltd, taking a longer-term view on the pandemic-battered travel sector.
The proposal comes as record-low interest rates prompt pension funds and their investment managers to chase higher yields. The purchase, with an enterprise value of A$30 billion including debt, would allow them to reap financial benefits when borders reopen and travel demand rebounds.
Publishing date: Jul 05, 2021 • 13 hours ago • 3 minute read •
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SYDNEY A group of infrastructure investors has proposed a A$22.26 billion ($16.7 billion) buyout of Sydney Airport Holdings Pty Ltd, the operator of Australia’s biggest airport, taking a longer-term view on the pandemic-battered travel sector.
Record-low interest rates have led pension funds and their investment managers to chase higher yields. The purchase, with an enterprise value of A$30 billion including debt, would allow them to reap financial benefits when borders reopen and travel demand rebounds.
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