Tag Archives: Sydney Airport

Some of the airport’s investors aren’t waiting for confirmation of a $23.6 billion takeover bid and are taking profits while they can.

Energy Resources of Australia Limited (ASX:ERA) and Sydney Airport Holdings Pty Ltd (ASX:SYD) shares are two of four rising on

A late flourish for a swag of blue-chip names and a takeover-fuelled surge into Sydney Airport helped the local share market start the week higher.

Sydney Airport is finally nearing a $23.6b sale to a consortium of super funds, which, when complete, would mark one of the largest corporate takeovers in Australian history.

Australian shares added 18.6 points as a rebound in commodity prices buoyed resources stocks and Sydney Airport rose 4.6 per cent due to a revised takeover offer.

Sydney Airport is now willing to recommend a $32 billion offer from a consortium led by IFM Investors. It shows the unstoppable power of industry super funds.

Sydney Airport has fallen to the third attempt by a group of super funds from Australia and offshore to grab control of the country’s premier airport – subject of course to due diligence.

Sydney Airport intends to grant the IFM-led Sydney Aviation Alliance consortium due diligence to pave way for its acquisition, after receiving a third non-binding proposal. The consortium included IFM Australian Infrastructure Fund,

Sydney Airport Corporation will allow a potential suitor to look through its accounts after an increased takeover offer of $23.6 billion.

The market value of Australia’s biggest airport operator is up 46% over the last 12 months. It is looking like a great start to the week for Sydney Airport shareholders, with th