Sydney Airport Sells for $17 Billion Just as Air Travel Opens Up
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Sydney Airport agreed to sell itself to a consortium of funds for A$23.6 billion ($17 billion), just as Australia reopens its borders to international travel.
The airport’s board accepted an offer of A$8.75 per share from a group led by IFM Investors Pty, and unanimously recommended shareholders vote to approve the deal early next year, the company said in a statement Monday.