 "coronavirus, Australia")
Sydney Airport gets $17 billion offer in bet on travel rebound
In what is one of the boldest bets on travel rebound, Sydney Airport received a $17 billion takeover offer from a group of investors. If it is done, it could be Australia’s largest acquisition. The suitors are seeking to capitalise on the slump in market value at Australia’s largest airport before global travel starts to pick up. While airlines worldwide have received billions of dollars in government handouts to survive the crisis, infrastructure providers like airports haven’t been helped on the same scale. Sydney Airport, Australia’s main overseas gateway, has
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