Sydney Airport acquires full ownership of airport structure
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Sydney Airport (SYD) has acquired the remaining interest in Sydney Airport that it does not already own, moving it to 100% ownership.
In a statement to the Australian Securities Exchange, Sydney Airport said it had agreed purchase the remaining 15.2% interest in Sydney Airport.
"The acquisitions have been structured to ensure that there is no ownership dilution of our 38,000 existing Sydney Airport investors which include many of the world’s largest superannuation funds and thousands of Australian retail holders," the group said.
"These investors continue to hold the same proportionate interest in Sydney Airport’s predictable, resilient and growing cash flows."
The group said most of the unlisted minority investors had chosen to retain their investment in Sydney Airport through swapping their unlisted stake into the proportionate number of listed securities.
"Continuing minority investors hold 11.3% of Sydney Airport and are long-term infrastructure investors which have held significant interests in Sydney Airport Ltd and Sydney Airport over many years: Public Sector Pension Investment Board (PSP Investments), the Future Fund, Motor Trades Association of Australia Superannuation Fund Pty Ltd (MTAA), UniSuper," the statement said.
The remaining unlisted minority investors, holding a combined 3.9% of Sydney Airport, will exit their investment in exchange for cash proceeds. to be raised from a fully underwritten institutional placement which is being conducted today.
The proposed simplification is subject to a number of approvals, including investor approval at an extraordinary general meeting and scheme meeting.
Sydney Airport shares went into a trading halt ahead of the announcement.
The group also announced it had agreed in-principle terms to settle all matters concerning deductibility of distributions paid on Sydney Airport Redeemable Preference Shares (RPS) with the Australian Taxation Office (ATO).
Sydney Airport reaffirmed its 2013 distribution guidance of 22.5 cents per stapled security
Call 1300 880 160
Start a chat
Schedule a call
