Street Talk

Stake in $4b Adelaide Airport hits auction block

Sarah Thompson, Kanika Sood and Emma Rapaport

Jun 2, 2025 – 4.57pm

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Mitsubishi-owned Igneo Infrastructure Partners has launched a sale of its 15.3 per cent stake in Adelaide Airport, in a transaction that could see it valued at close to $4 billion as falling interest rates have lifted valuations and sparked M&A in the sector.

Street Talk can reveal Igeno has mandated Barrenjoey Capital Partners’ infrastructure bankers to find a buyer for its 15.3 per cent stake in Adelaide Airport, which carried 2.1 million passengers in the March quarter. The sale includes the neighbouring Parafield Airport, alongside which it was privatised in 1998 under a 99-year-lease for about $467 million.

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.