Sydney Airport rejects $17b buyout proposal from infra funds citing undervaluation

Sydney Airport rejects $17b buyout proposal from infra funds citing undervaluation

Photo by Christopher Burns on Unsplash

Sydney Airport Holdings Pty Ltd said on Thursday it would reject a A$22.26 billion ($16.6 billion) takeover proposal from a group of infrastructure funds, the biggest of a frenzy of Australian deals fuelled by record-low interest rates.