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Sydney Airport bid clears due diligence hurdle.

A consortium making a A$23 billion bid for Sydney Airport has cleared its first hurdle and finished its due diligence.

The airport announced in September that would open its books so the alliance of IFM investors, QSuper, AustralianSuper and Global Infrastructure partners could perform due diligence after the consortium upped its offer to $A8.75 a share.

A stock exchange statement issued by Sydney Airport on Monday said negotiations were continuing over transaction documents with a view to the parties seeking internal approvals over the coming weeks.

“Should these documents be agreed, it remains the Sydney Airport boards’ intention to unanimously recommend that security read more ⇒

Source:: AirlineRatings.Com

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