{"id":424423,"date":"2021-07-06T08:34:38","date_gmt":"2021-07-06T03:04:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=424423"},"modified":"2021-07-06T08:46:19","modified_gmt":"2021-07-06T03:16:19","slug":"sydney-airport-target-of-16-7-bn-bid-from-infrastructure-investors","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sydney-airport-target-of-16-7-bn-bid-from-infrastructure-investors\/","title":{"rendered":"Sydney Airport target of $16.7 bn bid from infrastructure investors"},"content":{"rendered":"<p>A group of infrastructure investors has proposed one of Australia\u2019s biggest-ever buyouts, a A$22.26 billion ($16.7 billion) purchase of Sydney Airport Holdings, taking a longer-term view on the pandemic-battered travel sector. <\/p>\n<p>The proposal comes as record-low interest rates prompt pension funds and their investment managers to chase higher yields. The purchase, with an enterprise value of A$30 billion including debt, would allow them to reap financial benefits when borders reopen and travel demand rebounds. <\/p>\n<p>If successful, the purchase of Australia\u2019s biggest airport would rank as the eighth-biggest deal globally this year and the second-largest airport purchase, behind the $30.2 billion buyout of Britain&#8217;s Heathrow Airport in 2006.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A group of infrastructure investors has proposed one of Australia\u2019s biggest-ever buyouts, a A$22.26 billion ($16.7 billion) purchase of Sydney Airport Holdings, taking a longer-term view on the pandemic-battered travel sector. The proposal comes as record-low interest rates prompt pension funds and their investment managers to chase higher yields. The purchase, with an enterprise value of A$30 billion including debt, would allow them to reap financial benefits when borders reopen and travel demand rebounds. If successful, the purchase of Australia\u2019s biggest airport would rank as the eighth-biggest deal globally this year and the second-largest airport purchase, behind the $30.2 billion [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-424423","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=424423"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/424423\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=424423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=424423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=424423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}