Sydney Airport Agrees to $23 Billion Takeover Deal

Sydney Airport Agrees to $23 Billion Takeover Deal
A Qantas plane takes off from the Sydney International airport on May 6, 2021. Saeed Khan/AFP via Getty Images
|Updated:

Sydney Airport, Australia’s biggest and busiest airport, could soon change hands, thanks to the huge losses brought by the COVID-19 pandemic and border closures.

The airport has accepted an AU$23.6 billion (US$ 17.5 billion) bid with an international consortium, which plans to buy 100 percent shares of the Airport, according to an announcement to the Australian Securities Exchange (ASX) on Monday.
Cindy Li
Cindy Li
Author
Cindy Li is an Australia-based writer for The Epoch Times focusing on China-related topics. Contact Cindy at [email protected]
twitter
Related Topics