IFM Investors will argue its twin Australian and global infrastructure funds will be run separately and act independently, as part of a $30 billion bid to buy Sydney Airport and complete Australia’s biggest ever M&A deal.
It is understood the industry superannuation-owned IFM Investors has promised to stump up close to $10 billion to buy the airport, or just under half the required equity cheque, in a move that would give it substantial stakes in airports in Sydney, Melbourne and Brisbane.
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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. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
