Sydney Airport Holding to recommend $17.5b buyout offer to security holders

Sydney Airport Holding to recommend $17.5b buyout offer to security holders

FILE PHOTO: Travellers stand at a Virgin Australia Airlines counter at Kingsford Smith International Airport during the coronavirus outbreak, in Sydney, Australia, March 18, 2020. REUTERS/Loren Elliott/File Photo

 Sydney Airport Holding maintained intention to recommend security holders to vote in favour of an A$23.6 billion ($17.50 billion) takeover offer from an infrastructure investor group, as the four-week due diligence period has now ended.