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
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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.