One of the biggest corporate deals in Australian history is a step closer after the competition regulator gave it the green light.
Australia’s biggest airport is a step closer to an historic buyout after the competition regulator approved its $23.6b sale to a private equity consortium.
Among the proposed group of buyers are IFM’s Australian Infrastructure Fund and Global Infrastructure Fund, AustralianSuper, QSuper, and Global Infrastructure Partners.
The Australian Competition and Consumer Commission on Thursday said it saw no reason to block the purchase of Sydney Airport by the group of investors, as the monopolistic nature of Australian air travel meant there was little competition to be eroded.
Shares in Sydney Airport were last trading 2.8 per cent higher at $8.585, just under the $8.75 per share cash offer made by the consortium.
Read more/Source: news.com.au
