Sydney Airport rejects bid from IFM consortium
Sydney Airport has rejected the unsolicited proposal from IFM Consortium to acquire a 100% stake in the airport for AUD22.3 billion (US$17 billion). The proposal was rejected by Sydney Airport, saying stating the bid was too low. The Board members concluded that this proposal did not meet the interests of their shareholders.
IFM Consortium comprises of IFM Investors, IFM Global Infrastructure Fund, QSuper, and Global Infrastructure Management.
Country updates
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July 15, 2021
USD1.64 billion refinancing received for Hospital PPP project in Australia
Royal Adelaide Hospital, a key asset in AMP Capital’s Community Infrastructure Fund (CommIF), has secured the world’s largest Sustainability Loan in the healthcare sector, and the largest...
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July 12, 2021
Macquarie consortium to put rival bid for acquisition of Sydney Airport
A consortium led by Macquarie is planning to propose a bid for the acquisition of a stake in Sydney Airport as a potential challenge to an AUD22.3 billion (US$16.7 billion) bid proposed by the IF...
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July 08, 2021
Construction contract of USD105 million awarded for bridge project in Australia
The city of Brisbane has selected Connect Brisbane consortium to construct Kangaroo Point Green Bridge in Brisbane, Australia.
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July 07, 2021
Sydney airport receives unsolicited proposal for its 100% stake
Sydney Airport announced that it has received an unsolicited, indicative, conditional, and non-binding proposal from a consortium of infrastructure investors to acquire 100% of the stapled securities...
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July 06, 2021
John Laing completes refinancing for USD1.58 billion Light rail PPP project in Australia
John Laing Group has announced the successful refinancing of the CBD and South East Light Rail (Sydney Light Rail) project in Sydney, New South Wales.
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