A resurgent post-lockdown aviation sector, which could boost the value of Sydney Airport, looms as a potential obstacle to the sale of the transport hub after the bidders raised their offer to $23.6 billion cash.
The airport has finally opened its books to the IFM Investors-led consortium after it held informal talks with the company late last week and boosted their offer a second time to $8.75 per share – a 50¢ increase on the initial approach made two months ago.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
