The proposed $23.6 billion takeover has received its final regulatory approvals but investors still need to vote on the deal in early 2022.
Sydney Airport’s proposed $23.6 billion takeover has received its final regulatory approvals after Australia’s Foreign Investment Review Board said it had no concerns about its sale to a group of investment and superannuation funds.
While many big investors are in favour of the transaction, some smaller investors who want to hold the airport’s shares for the long termWhile the outlook for aviation is uncertain as the world grapples with the Omicron variant of COVID-19, some investors believe the airport is worth more than $8.75 per share.
“Upon completion of the transaction, Sydney Airport will continue to be majority Australian owned, with millions of working Australians invested in the airport through their superannuation,” the alliance said.
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