{"id":74490,"date":"2021-11-08T10:33:15","date_gmt":"2021-11-08T07:33:15","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=74490"},"modified":"2021-11-08T10:34:01","modified_gmt":"2021-11-08T07:34:01","slug":"sydney-airport-poised-to-sell-for-usd17-billion","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2021\/11\/sydney-airport-poised-to-sell-for-usd17-billion\/","title":{"rendered":"Sydney Airport poised to sell for USD17 billion"},"content":{"rendered":"

Sydney<\/span>,\u00a0Australia, Nov 8 – <\/span>Sydney Airport announced Monday it had agreed to a US$17 billion takeover bid by an Australian investor consortium, just days after reopening to international travel.<\/p>\n

The airport’s board unanimously approved the sale to the Sydney Aviation Alliance — a consortium of infrastructure investors and Australian pension funds — and recommended shareholders vote in favour.<\/p>\n

The alliance offered Aus$8.75 per share, or Aus$23.6 billion (US$17.5 billion), after its earlier offers in recent months were rejected as too low.<\/p>\n

“Today’s announcement is the culmination of months of engagement between all parties,” Sydney Airport chairman David Gonski said in a statement.<\/p>\n

“The Sydney Airport Boards believe the outcome reflects appropriate long-term value for the airport.”<\/p>\n

The announcement comes in the wake of Australia’s international border partially reopening, almost 600 days after one of the world’s toughest pandemic border closures began.<\/p>\n

Vaccinated Australians travelling via Sydney and Melbourne may now come and go without quarantine or obtaining an official exemption — with the move seen as the country’s first step in the gradual resumption of travel.<\/p>\n

The airport sale remains subject to conditions, including\u00a0an independent expert evaluation.<\/p>\n

Shareholders are expected to consider the deal at a meeting in the first quarter of 2022, with a 75 percent majority required for it to gain approval.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sydney,\u00a0Australia, Nov 8 – Sydney Airport announced Monday it had agreed to a US$17 billion takeover bid by an Australian investor consortium, just days after reopening to international travel. The airport’s board unanimously approved the sale to the Sydney Aviation Alliance — a consortium of infrastructure investors and Australian pension funds — and recommended shareholders […]<\/p>\n","protected":false},"author":12327,"featured_media":74491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1383,3],"tags":[],"coauthors":[],"class_list":["post-74490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aviation","category-world"],"yoast_head":"\nSydney Airport poised to sell for USD17 billion - Capital Business<\/title>\n<meta name=\"description\" content=\"Sydney,\u00a0Australia, Nov 8 - Sydney Airport announced Monday it had agreed to a US$17 billion takeover bid by an Australian investor consortium, just days Kenya breaking news | Kenya news today |\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.capitalfm.co.ke\/business\/2021\/11\/sydney-airport-poised-to-sell-for-usd17-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sydney Airport poised to sell for USD17 billion\" \/>\n<meta property=\"og:description\" content=\"Sydney,\u00a0Australia, Nov 8 - 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