Sydney Airport mulling SCACH buyout: report

The listed company is considering the purchase of the remaining 15.2% stake in Southern Cross Airports Corporation Holdings.

Sydney Airport (SYD) is considering the purchase of the remaining 15.2% stake in Southern Cross Airports Corporation Holdings (SCACH), held mostly by Australian superannuation funds and offshore institutional investors, through either a cash offer or shares in the listed company, according to the Australian Financial Review.

According to the newspaper, Sydney Airport Ltd, which owns 84.8% of SCACH, which holds the airport, is considering a restructure of its intricate ownership structure.

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