Sydney Airport rejects bid from IFM consortium
Date
July 20, 2021
Type
M&A Transactions
Subtype
Transaction launched
Countries
Australia
Subsectors
Airport
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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.
