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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Sydney Airport : gets $16 7 bln buyout bid as investors take longer-term view on travel
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