airport deal

Australia – Sydney (Kingsford Smith)

Operator // Sydney Airport Corporation Limited (SACL)

Overview

Overview

Jul. 05, 2021 – In early Jul. 2021, SACL received a AUD22.3b (USD17b) takeover bid from a group of infrastructure investors dubbed the Sydney Aviation Alliance, comprised of IFM Investors, QSuper Board and Global Infrastructure Management LLC, at AUD8.25/share (USD6.20) representing a 42% premium from the stock’s current stock price. The consortium members are invested in airports across Australia and the U.K., with IFM holding stakes in Melbourne, Brisbane, Perth and Adelaide airports, QSuper owns a stake in London-Heathrow Airport and Global Infrastructure is a shareholder in Gatwick and London City airports.

44,435,000
350,000
320,200

Cargo (tonnes)

Airport Details

Included Airports

Airports

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Australia

1 airport

Transaction Stage

Stage

Deal has been archived

Deal transaction stage will no longer be updated when a deal has been marked as archived.

Stage 1 — Pending

Deal Structuring & Market Sounding

Initial process by government/grantor or private owner of shares to structure the transaction and/or sounding potential market interest in the opportunity.

Stage 2 — Pending

Due Diligence & Bid/Offer Development

Investor/operator evaluation for the deal/opportunity and/or business case and financial model development to support commercial bid/offer.

Stage 3 — Pending

Award, Financial Close & Transfer

Award of deal by government/grantor, or acceptance of offer from private owner of shares, followed by completion of financing conditions and, ultimately, granting of concession and/or transfer of shares.

Deal Information

Information

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