News > Sydney Airport gets $17 billion takeover bid

Sydney Airport gets $17 billion takeover bid

A group of infrastructure investors submitted a nearly $17 billion takeover bid for Sydney Airport, the operator of Australia’s busiest airport, signaling that investors are willing to bet big on post-pandemic travel.

 The consortium comprising of Australian pension fund managers IFM Investors, QSuper & New York-based Global Infrastructure Partners—offered 8.25 Australian dollars, the equivalent of US$6.20, a share for Sydney Airport.