SYDNEY — A group of infrastructure investors has proposed one of Australia’s biggest-ever buyouts, a A$22.26 billion ($16.7 billion) purchase of Sydney Airport Holdings Pty Ltd, 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’s biggest airport would be one of the country’s largest-ever by enterprise value in …
Keep on reading: Sydney Airport gets $16.7 billion buyout bid as investors take longer-term view on travel