China’s belligerent campaign to punish Australian exports seems certain to play a critical role in the $22 billion takeover of Sydney Airport, once the gateway to a burgeoning Chinese tourism industry.
Sydney Airport chairman David Gonski’s quest to squeeze a higher takeover offer out of David Neal at the Sydney Aviation Alliance will be helped by talk of a Macquarie Group-led consortium making an offer.
The other big swing factor in terms of valuation of Sydney Airport is the outlook for international tourist traffic - and the key to that is China.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
