Sydney (AFP)
The group that owns Sydney airport received a € 14 billion takeover offer from a consortium of Australian investors, which boosted its share price in trade on Monday.
This alliance calling itself the Sydney Aviation Alliance, which brings together Australian pension funds and investors in the infrastructure sector, offers AUD 8.25 (€ 5.2) per share of Sydney Airport, for a total of € 22.3 billion. Australian dollars (14 billion euros).
This proposal was "made in the context of the global pandemic which has deeply affected the airline industry and Sydney Airport's share price," the airport's board of directors said in a statement to the Stock Exchange.
"The indicative price is below what was the value of the Sydney Airport ticket before the pandemic."
The Sydney Aviation Alliance has confirmed it has made the offer, claiming to represent more than six million pension fund members.
She explains that this offer will reinforce the fact that the first airport in the country is owned by Australian capital.
She adds that it is "in the long term interests of the public and travelers".
Sydney Airport stock jumped nearly 34% to AUD 7.78 on Monday as a result of the offer, which is currently being considered by the group's board of directors.
© 2021 AFP