Citing the short-term impact of the pandemic, the airport’s board says the offer undervalued the asset and was not in the best interests of securityholders.
The bid is conditional on UniSuper, which owns 15% of the airports shares keeping its equity stake in the company.
A consortium of super funds has agreed to acquire a 49% stake in Telstra’s considerable telecommunications towers portfolio in a deal expected to complete in Q3 this year.
The logistics company's demonstrated resilience during covid indicates StraitNZ will fare well in the current market, Macquarie Capital executives said.
Triggered by the collapse of the Genoa Bridge in August 2018, the nearly three-year saga surrounding the Italian motorway has ended, with Atlantia accepting the CDP-led consortium’s €9.3bn offer.
GIP’s Gatwick deal is the biggest single-asset secondaries deal ever, as affiliate title Secondaries Investor reveals its debut list of the largest continuation vehicles.
The UK developer’s new strategy is endorsed as it’s freed from its public-markets straitjacket, while the US manager gets a boost for its new core infra business.
The sale attracted interest from a wide range of buyers globally, illustrating how large the pool of potential buyers for large-scale ag assets has become.
The UK-based infrastructure investor and developer will be split into a development company and an asset company should KKR’s £2bn offer be accepted.
There’s more at stake in Australia’s review of Chinese-owned Landbridge Group’s long-term lease of the Port of Darwin than national security.