Airports

Sydney Airport agrees $17.5bn takeover deal

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Sydney Airport agrees $17.5bn takeover deal

The board of Sydney Airport has agreed to a buyout from a consortium led by Melbourne-based IFM Investors for A$23.6bn (US$17.5bn). The consortium, known as Sydney Aviation Alliance, offered the airport A$8.75 a share. The deal values Sydney Airport's equity at approximately $23.6 billion and repres...

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