IFM consortium raised bid to AUD23.6 billion for Sydney Airport
The IFM consortium formed by IFM Investors, IFM Global Infrastructure Fund, QSuper, and Global Infrastructure Management has raised its bid for the acquisition of a 100% stake in Sydney Airport.
The new bid is AUD23.6 billion (US$17.35 billion) in cash. The consortium has received permission to conduct due diligence on Sydney Airport Holdings Pt Ltd, which is the only listed operator in Australia.
The board of Sydney Airport would recommend the acquisition at the current price if the consortium made a binding offer, there were no competing bids, and if the deal secured the approval of an independent expert. In addition, the proposal needs approval from the Australian Competition and Consumer Commission as well as from the Foreign Investment Review Board.
Country updates
-
-
September 08, 2021
Plenary completes USD297 million refinancing of cancer centre PPP project in Australia
Plenary has completed the AUD400 million (US$297.4 million) refinancing of the Victorian Comprehensive Cancer Centre (VCCC) in Australia.
Read more -
September 07, 2021
Plenary completes AUD400 million refinancing of cancer centre PPP
Plenary has completed the AUD400 million (US$297.4 million) refinancing of the Victorian Comprehensive Cancer Centre (VCCC) in Australia. The refinancing comprises a single, 6,5 years seni...
Read more -
September 03, 2021
O&M contract awarded for Stage 3 of WestConnex in Australia
The joint venture (JV) Fulton Hogan Egis O&M of Egis and Fulton Hogan has been awarded the contract to provide operation and maintenance services for the WestConnex Stage 3 project in Sydney,...
Read more -
September 02, 2021
Australia awards certification contract for Sydney Metro West PPP
The New South Wales (NSW) State in Australia has awarded an Independent Certification Services contract for the Sydney Metro West project to the joint venture (JV) of Systra and KBR. The JV...
Read more -
September 01, 2021
APA to acquire Basslink from Keppel Infrastructure Trust
APA Group (APA) has announced that it has submitted a confidential, conditional, and incomplete proposal to Keppel Infrastructure Trust (KIT) regarding the potential acquisition of Basslink...
Read more
