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Sydney Airport maintains intention to recommend sweetened $17.5 billion buyout offer

Published by maria gbaf

Posted on October 18, 2021

2 min read

Last updated: January 29, 2026

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Quick Summary

Sydney Airport recommends a $17.5 billion buyout offer from Sydney Aviation Alliance, pending shareholder and regulatory approvals.

Sydney Airport Recommends $17.5 Billion Buyout Offer

(Reuters) – Sydney Airport Holding Pty Ltd maintained intention to recommend securityholders to vote in favour of an A$23.6 billion ($17.50 billion) takeover offer from an infrastructure investor group, as the four-week due diligence period has now ended.

In September, the sale of Australia’s biggest airport moved closer after the bidding consortium, Sydney Aviation Alliance (SAA), won permission to conduct due diligence on Sydney Airport Holdings, after sweetening its takeover offer to A$23.6 billion ($17.4 billion).

Sydney Airport added https://assets.ctfassets.net/v228i5y5k0x4/2Zi2egAxmFL8IqxwpAglTR/c1924370e80f994b47590170340722bf/Consortium_Proposal_Update.pdf on Monday that it continued to negotiate the relevant transaction documents with a view to the parties seeking their respective internal approvals over the coming weeks.

Shares of Australia’s largest airport operator, which has risen about 44% since receiving the first buyout proposal in July, was down by nearly 1% at A$8.29 by 0251 GMT.

SAA is comprised of Australian investors IFM Investors, QSuper and AustralianSuper and U.S.-based Global Infrastructure Partners.

The deal will require an independent expert’s report, approval from 75% of shareholders and a green light from the competition regulator and the Foreign Investment Review Board to go through, in a process that typically takes months to complete.

($1 = 1.3483 Australian dollars)

(Reporting by Indranil Sarkar in Bengaluru; Editing by Rashmi Aich)

Key Takeaways

•Sydney Airport recommends a $17.5 billion buyout offer.
•The offer is from the Sydney Aviation Alliance.
•Due diligence period has concluded.
•Shareholder and regulatory approvals are pending.
•The airport's shares have risen 44% since July.

Frequently Asked Questions about Sydney Airport maintains intention to recommend sweetened $17.5 billion buyout offer

1What is the main topic?

The article discusses Sydney Airport's recommendation of a $17.5 billion buyout offer from Sydney Aviation Alliance.

2Who is involved in the buyout offer?

The Sydney Aviation Alliance, including IFM Investors, QSuper, AustralianSuper, and Global Infrastructure Partners.

3What approvals are needed for the buyout?

The deal requires approval from 75% of shareholders, a competition regulator, and the Foreign Investment Review Board.

Sydney Airport Recommends $17.5 Billion Buyout Offer

Shares of Australia’s largest airport operator, which has risen about 44% since receiving the first buyout proposal in July, was down by nearly 1% at A$8.29 by 0251 GMT.

SAA is comprised of Australian investors IFM Investors, QSuper and AustralianSuper and U.S.-based Global Infrastructure Partners.

($1 = 1.3483 Australian dollars)

(Reporting by Indranil Sarkar in Bengaluru; Editing by Rashmi Aich)

Frequently Asked Questions

1What is the main topic?

The article discusses Sydney Airport's recommendation of a $17.5 billion buyout offer from Sydney Aviation Alliance.

2Who is involved in the buyout offer?

The Sydney Aviation Alliance, including IFM Investors, QSuper, AustralianSuper, and Global Infrastructure Partners.

3What approvals are needed for the buyout?

The deal requires approval from 75% of shareholders, a competition regulator, and the Foreign Investment Review Board.