Big super lobs $22b for nation’s biggest airport

Original article by Jenny Wiggins
The Australian Financial Review – Page: 1 & 16 : 6-Jul-21

A consortium comprising IFM Investors, QSuper and US-based Global Infrastructure Partners has made an unsolicited cash offer of $8.25 per share for Sydney Airport. The board of Sydney Airport has advised shareholders to take no action on the $22 billion bid and is still considering the offer. Unisuper, Sydney Airport’s biggest shareholder with a 15 per cent stake, has responded favourably to the bid. One condition of the consortium’s bid is that Unisuper retains its stake in Sydney Airport and not sell out for cash.

CORPORATES
SYDNEY AIRPORT – ASX SYD, IFM INVESTORS PTY LTD, QSUPER LIMITED, GLOBAL INFRASTRUCTURE PARTNERS, UNISUPER LIMITED

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