Street Talk

Sale docs out for Dexus’ stake in Melbourne, Launceston airports

Sarah Thompson, Kanika Sood and Emma Rapaport

Oct 29, 2024 – 1.25pm

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Dexus Group has cleared the runway for the sale of its 9.7 per cent stake in Melbourne and Launceston airports, in what’s expected to mark the fourth airport selldown in Australia this year.

Street Talk can reveal Dexus’ bankers at JPMorgan have sent a sale flyer, which outlines the deal structure and preliminary financials, to parties interested in getting their hands on a 9.7 per cent stake in the two airports’ holding company, Australia Pacific Airports Corporation.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.