IFM Investors bid for Hobart Airport
Date
July 23, 2019
Type
M&A Transactions
Subtype
Transaction launched
Countries
Australia
Subsectors
Airport
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IFM Investors have submitted a non-binding proposal for the acquisition of Macquarie Infrastructure and Real Assets' (MIRA) 50.1% stake in Tasmania's Hobart airport.
IFM Investors has tapped Morgan Stanley's investment banking team for the advice on the potential acquisition for the airport stake. MIRA had acquired the aiport stake from a Tasmanian pension fund Tasplan. The sale could potentially reach up to AUD500 million (US$52 million) in total.
