{"id":435502,"date":"2021-09-13T08:44:30","date_gmt":"2021-09-13T03:14:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=435502"},"modified":"2021-09-13T10:25:34","modified_gmt":"2021-09-13T04:55:34","slug":"sydney-airport-sale-a-step-closer-after-improved-17-4-billion-offer","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sydney-airport-sale-a-step-closer-after-improved-17-4-billion-offer\/","title":{"rendered":"Sydney Airport sale a step closer after improved $17.4 billion offer"},"content":{"rendered":"<p>A sale of Australia&#8217;s biggest airport moved closer on Monday as an infrastructure investor group won permission to conduct due diligence on Sydney Airport Holdings Pty Ltd, after sweetening its takeover offer to A$23.6 billion ($17.4 billion).<\/p>\n<p>The move sent the airport&#8217;s shares up 5%, with analysts saying a rival bid appeared unlikely given the scale of the funding needed and foreign ownership rules that mean the airport must remain 51% Australian owned. <\/p>\n<p>&#8220;We assign a high probability of a deal succeeding given the board&#8217;s commitment to unanimously recommend the (current) offer if there is no alternative higher offer,&#8221; Credit Suisse analysts said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A sale of Australia&#8217;s biggest airport moved closer on Monday as an infrastructure investor group won permission to conduct due diligence on Sydney Airport Holdings Pty Ltd, after sweetening its takeover offer to A$23.6 billion ($17.4 billion). The move sent the airport&#8217;s shares up 5%, with analysts saying a rival bid appeared unlikely given the scale of the funding needed and foreign ownership rules that mean the airport must remain 51% Australian owned. &#8220;We assign a high probability of a deal succeeding given the board&#8217;s commitment to unanimously recommend the (current) offer if there is no alternative higher offer,&#8221; Credit [&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-435502","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\/435502","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=435502"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/435502\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=435502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=435502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=435502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}