ACCC to take ‘very close look’ at Sydney Airport bid issues
By
Neil Griffiths
12 July 2021
The ACCC has confirmed it will take a “very close look” at a super fund consortium’s bid to purchase Sydney Airport.
Earlier this month, the Sydney Aviation Alliance – made up of QSuper, IFM Australian Infrastructure Fund, the IFM Global Infrastructure Fund and Global Infrastructure Partners (GIP) – submitted a $22.3 billion proposal to acquire all of the stapled securities in Sydney Airport Limited and Sydney Airport Trust 1 via a scheme of arrangement and a trust scheme.
The regulator told InvestorDaily it will look at “relevant competition issues” given that IFM, GIP and QSuper are involved with other local airports.