Infrastructure investor consortium lobs bid for SYD.
Sydney Airport has just confirmed the receipt of an “unsolicited, indicative, conditional and non-binding proposal” for the privatisation of the airport.
The group comprises IFM Australian Infrastructure Fund, IFM Global Infrastructure Fund, QSuper and Global Infrastructure Management, and is offering $8.25 in cash per stapled security – about 40% above the SYD share price on Fri.
The airport’s Board has commenced an assessment of the proposal, noting that it is a “world class airport and one of Australia’s most important infrastructure assets”.
More details in today’s issue of Travel Daily.