sydney airport investors

in investment decisions on sustainability factors. rising power of industry superannuation funds. The goal of this regulation is to create harmonised rules for financial market participants and financial advisers regarding the integration of sustainability risks in investment decision-making, and the consideration of adverse impacts Wed hate to lose it because where do you put that money? For questions on your past Sydney Airport Securityholdings, please contact Computershare Pty Ltd. Information for securityholders on the Sydney Aviation Alliances acquisition of Sydney Airport. As a result of this investment ethos, and in accordance with EUs SFDR, IFM is sharing the relevant environmental and social considerations with our European investors in relation to relevant We recognise that the world around us is rapidly evolving. 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Sydney Airport is the only publicly listed airport in Australia. The United Nations Sustainable Development Goals (SDGs) seek to address the most significant challenges our world is facing today. In May, Sydney Airport's international traffic was down more than 93% versus the same month of 2019, while domestic traffic was down 39.2%. Sydney Airport Trust 1 (SAT1) is an Attributed Managed Investment Trust (AMIT) for the purposes of Subdivisions 12A-A of Schedule 1 of the Taxation Administration Act 1953. In a statement, Sydney Airport . Private Company. read more. Sydney Airports shares jumped almost 5 per cent on Monday, hitting their highest levels since the outbreak of the pandemic, after a consortium led by IFM Investors raised their indicative takeover offer to $8.75 per share and gained access to the companys financial books to do due diligence. Sydney Airport Securityholders who held Sydney Airport Securities at the Scheme Record Date (7.00pm (Sydney time) on Wednesday, 16 February 2022), received cash consideration of $8.75 per Sydney Airport Security ("Scheme Consideration"). Both sides of the deal have spent ample time talking to Sydney Airports institutional investors. It has been frustrated with the sporadic state border closures across Australia in 2020 and 2021, because they have disrupted domestic aviation and made it difficult for people to plan holidays. "It's opportunistic in that regard, but understandable. The takeover battle takes place at an uncertain time for Sydney Airport. Most of Australias airports were privatised in the late 1990s, and Sydney Airport was sold in mid-2002 to Macquarie Airports, which listed the company on the Australian Securities Exchange the same year. With record-low interest rates, funds are looking at infrastructure investments for higher yields. 2020. See here for a complete list of exchanges and delays. IFM Investors has secured access to Sydney Airports books with a revised bid valuing the airport owner at more than $32 billion. Theres a lot more value in this asset than the market has been ascribing, Mr Clark said. The biggest deal belongs to Westfield Corporation, which was acquired in a cash and scrip deal in 2018. Evolution in our business context is taking many forms whether it be advancements in the aviation sector, technological disruption, climate change, changing consumption trends and passenger travel patterns, global health crises, changing employee preferences or community expectations. On 10 March 2021, the European Unions Sustainable Finance Disclosure Regulations (SFDR) became effective. Mr Clark said he would be reluctant to sell the airports shares into the current offer. Sydney Airport's closing share price hit an all-time high of $9.20 per share (or $8.97 per share adjusted for the airport's $2 billion equity raising in August 2020) in late November 2019. The discount to offer price that Sydney Airports shares trade at likely reflects the hurdles the consortium needs to get through. In a global first, Western Sydney International (Nancy-Bird Walton) Airport has provisionally secured its three-letter code more than three years ahead of opening, with the code WSI ensuring that the airport will truly take Western Sydney to the world. Sydney Airport, alongside other leased Federal airports in Australia, is subject to a planning framework in the Airports Act 1996. RBA. SYDNEY, July 5 (Reuters) - A group of infrastructure investors has proposed one of Australia's biggest-ever buyouts, a A$22.26 billion ($16.7 billion) purchase of Sydney Airport Holdings. This Master Plan is renewed every five years. Sydney Airport, one of the few remaining airports still listed on a stock exchange anywhere in the world, has been snared by the global M&A boom after a group of big investors pounced on its pandemic-stricken share price to lob a $22 billion takeover bid. He claims small investors are being disenfranchised by big funds that use their money and lobbying power to buy good Australian companies. We need to make sure that there is some diversity, and that the public has access [to assets], he said. 2021 half year. See Section 7.1 of Master Plan 2039 for more information. The airport operator's share price hit a record A$8.86 in January last year, before the novel coronavirus pandemic led to a collapse in travel demand. The companys revenue and earnings were hit hard by the COVID-19 pandemic, which has seen Australian all-but close its borders to international travel and states clamp down on domestic travel. Scott Murdoch has been a journalist for more than two decades working for Thomson Reuters and News Corp in Australia. IFM holds stakes in major airports in Melbourne, Brisbane, Perth and Adelaide. He has specialised in financial journalism for most of his career and covers equity and debt capital markets across Asia and Australian M&A. Trading volumes in the stock, which typically average around 7 million shares, also trebled, hitting their highest levels since the airport was first approached by the IFM consortium in early July. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. View our latest financial statements and Annual Reports here. JPMorgan said the latest offer values the airport at an enterprise multiple of 23.3 times 2019 earnings, compared with its pre-COVID-19 valuation estimate of 21.5 times earnings. The indicative price is below where Sydney Airports security price traded before the pandemic.. While many big investment funds plan to accept a cash offer of $8.75 per share from a consortium led by IFM Investors and New Yorks Global Infrastructure Partners, five small investors have now gone public to say that they will reject it. There is not a whole lot of choice out there if you trade through public exchanges. Mr Pinn wants the competition regulator to focus on the bigger picture if a Sydney Airport transaction which has been backed by some institutional investors proceeds and examine how a small group of people are gaining influence and control over Australias airports. Sydney Airport shares last traded at $8. The airport had delivered a $403.9 million profit the previous year. Planned improvements to the ground transport network to accommodate increased passenger, visitor, staff and freight traffic requirements to 2039 are also included. In July last year Mr Robilliard wrote to the airport asking the board to reject any takeover bid, after it received an indicative offer priced at $8.25 per share. The Sydney Airport investor who will vote against a sale Jenny Wiggins Infrastructure reporter Sep 22, 2021 - 5.10pm Some Sydney Airport investors plan to vote against a proposed $23.6 billion. Only a handful of airports globally are still listed on securities exchanges, including Auckland Airport, Frankfurt Airport in Germany and Paris Charles de Gaulle and Orly airports. This behaviour forces small investors to either consider poorer quality investments, or to allow these mega funds to manage their money for them so as to access the better quality investments.. Our Sustainability Policy sets out our commitment to sustainability and our latest Sustainability Report provides a window into our strategic objectives, initiatives and performance for the year. It would imply a $32 billion plus valuation for the airport owner, including debt. It is understood IFM Investors, represented by chairman Greg Combet and on behalf of the Sydney Aviation Alliance syndicate, presented Sydney Airport chairman David Gonski with the revised bid over the weekend. Sydney Airport is one of Australia's most important pieces of infrastructure. Follow the topics, people and companies that matter to you. All quotes delayed a minimum of 15 minutes. See our Response to the TCFD Recommendations for our detailed disclosure against its framework. Sydney Airport has been a supporter of the TCFD since 2018 and has disclosed its climate change risk management in line with the TCFD reporting framework since that time. Bloomberg, Sydney Airport will move back to a smooth operation with excellent returns for the long-term investor.. The Sydney Airport board recommended shareholders vote to accept the offer. Sydney Airport, which makes most of its money from international travellers, has struggled during the pandemic and was forced to raise $2 billion of equity in August 2020 at $4.56 per share to strengthen its balance sheet. Euphoria star Sydney . Theres a lot more value in this asset than the market has been ascribing. Ben Clark, portfolio manager at TMS Capital which has owned the airports shares for a decade and currently has a stake of less than 1 per cent, said the takeover bid highlighted the short-term focus of some investors that had sold shares after COVID-19 broke out and most air travel stopped. The airports monopoly on local aviation will end in 2026 when the new Western Sydney Airport opens. The consortium, meanwhile, was able to dash hopes of a $9 a share offer. Sydney Airport is one of Australia's most important pieces of infrastructure. Sydney Airport acknowledges the Traditional Custodians of the lands, waterways and skyways where we work and in which we live. APA Groups $10 billion proposed cash and stock takeover of AusNet Services is an example of a deal that would allow small shareholders to keep a stake in a listed entity, he said. Analysts have been cutting their 12-month price targets on the airports stock after the federal government signalled national borders were unlikely to open until mid-2022. Sydney property prices, the bellwether of the Australia market, advanced for the first time in 13 months in February in a positive sign for home values that have been under . If youre taking a three-to-five-year view, personally I think you might be better going through some short-term pain for a better long-term outcome, he said. Within Master Plan 2039, the Airport Development Plan outlines options to improve to the airfield, aviation facilities, terminals and infrastructures to support the forecast increase in passenger numbers and aircraft movements to 2039. IFM already owns stakes in Melbourne, Brisbane, Perth, Adelaide airports as well as NT airports, which include Darwin, Alice Springs and Tennant Creek airports. SCACH Financial Report for the year ended 31 December 2021. Qantas wants Australians to be able to board international flights from December while Air Canada has announced it will re-start flights to Australia for vaccinated travellers, revealing plans to resume Sydney-Vancouver flights on December 17. Some Sydney Airport investors plan to vote against a proposed $23.6 billion takeover if it goes ahead, arguing that mega funds like IFM Investors are forcing smaller shareholders out of good Australian companies. They provide very limited financial disclosure and do not reveal the fees they charge to manage investments, or their executives bonus structures. The Australian Competition and Consumer Commission will take about three months to review the transaction while the Foreign Investment Review Board will take at least a month, with options to extend its review by up to six months. GIP also owns stakes in Edinburgh Airport and Londons Gatwick. James Brickwood. If theyre rejecting [the cash offer] then why isnt everybody else? said Michael Pinn, director of Pinn Deavin, a financial advisory group. Sydney Airports shares, which closed at $5.81 on Friday, were trading close to $9 before the pandemic broke out in early 2020. an indicative offer priced at $8.25 per share. They also support the delivery of Sydney Airports strategy, which is underpinned by an aligned culture focused on sustainability. Our sustainability strategy responds to a changing world, and to the challenges and opportunities that shape business in Australia and globally. More small investors in Sydney Airport are publicly venting their opposition to the company's proposed $23.6 billion takeover as a vote on the deal looms in early February, arguing its board is . Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Sep 12, 2021 - 9.35pm. Greencape Capital investor Steven Haralambidis said he had not sold any of the airports stock over the past week and that he expected the spread between the $8.75 per share offer and Sydney Airports current share price, which dropped 1.7 per cent on Tuesday to $8.23, to tighten. SYDNEY, Aug 16 (Reuters) - Sydney Airport Holdings Pty Ltd (SYD.AX) on Monday rejected an improved A$22.80 billion ($16.81 billion) bid from a group of infrastructure investors, saying. 2006 MAp Tax Statement Guide. James Brickwood. The. read more. We pay respect to Elders past, present and emerging, and recognise the continuation of cultural, spiritual and educational practices of First Nation peoples throughout Australia. Small investors in Sydney Airport say health screening will become a normal part of international travel, and more planning around those processes is needed. Sydney Airport noted the offer was below its pre-pandemic share price and said it would review the proposal, which is contingent on granting due diligence and recommending it to shareholders in the absence of a superior offer. Help using this website - Accessibility statement, has agreed to a $39 billion all-scrip deal with US payments company Square, Airports have best month since pandemic hit, The alarming workforce trend causing flight delays. The requirements within these guidelines are informed by Sydney Airports sustainability policy, strategy and commitments and the master planning process. Ben Clark, portfolio manager at TMS Capital, said he had sold half of his position in the airport very recently. It is an essential piece of the transportation network connecting Sydney to over 100 regional, national and international destinations. The proposal is conditional on a unanimous recommendation from the airports six-member main board and a separate Sydney Airport Trust board as well as satisfactory due diligence and regulatory approvals from the Foreign Investment Review Board and the Australian Competition and Consumer Commission. If successful, the purchase of Australia's biggest airport would be one of the country's largest-ever by enterprise value in U.S. dollar terms, on par with the $22 billion purchase of mall operator Westfield Group by Unibail-Rodamco in 2017, Refinitiv data showed. Ben Clark, TMS Capital portfolio manager. The Melbourne Airport's 12 megawatt (MW) solar farm is the largest of its kind at any Australian airport. The consortium has not declared its offer to be final, which leaves the door open for negotiations for a higher price. Edwina Pickles, The takeover parties are offering $8.75 per share because they think it is worth more than that. Analysts also believe the $8.75 per share offer is fair. Air traffic controllers had an average 20 shifts off at short notice last year. In Sustainalytics opinion, the loan aligns with the Loan Markets Association's Sustainability Linked Loan Principles. Some Sydney Airport investors dont want it to be sold off to big funds. Sydney Airport acknowledges the Traditional Custodians of the lands, waterways and skyways where we work and in which we live. We have mapped the SDG framework against our sustainability strategy to show how we are contributing to the achievement of the SDGs. We pay respect to Elders past, present and emerging, and recognise the continuation of cultural, spiritual and educational practices of First Nation peoples throughout Australia. James Brickwood. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Barrenjoey, UBS and Allens are advising Sydney Airport. Sydney Airport's SLL represents the first syndicated SLL in Australia, largest syndicated SLL across the Asia Pacific and largest syndicated airport SLL globally. The proposed takeover received its final regulatory approvals in December after Australias Foreign Investment Review Board said it had no concerns about the sale. SYDNEY, July 5 (Reuters) - A group of infrastructure investors has proposed one of Australia's biggest-ever buyouts, a A$22.26 billion ($16.7 billion) purchase of Sydney Airport Holdings Pty Ltd, taking a longer-term view on the pandemic-battered travel sector. UniSuper said it saw merit in the airport being converted from a publicly listed company to an unlisted company and that it had a favourable view of the consortium partners. The indicative proposal has been made during a global pandemic which has deeply affected the aviation industry and the Sydney Airport security price, the airport said. We pay respect to Elders past, present and emerging, and recognise the continuation of cultural, spiritual and educational practices of First Nation peoples throughout Australia. The Hartbeespoort dam in South Africa used to be brimming with people enjoying scenic landscapes and recreational water sports. But . For any questions about your past Sydney Airport Securityholdings, please contact Computershare Pty Ltd (Sydney Airports security registry) by calling +61 (0)3 9415 4000 or 1300 850 505 (within Australia). Domestic travel has also been disrupted by a two-week lockdown in Sydney during the normally busy school holiday period, after an outbreak of the highly contagious Delta variant of COVID-19. Help using this website - Accessibility statement, The takeover parties are offering $8.75 per share, for preventing the double taxation of investors, has been backed by some institutional investors, proposed cash and stock takeover of AusNet Services, But an earlier $9.6 billion all-cash bid by Canadas Brookfield Infrastructure. 2021 Half Year Financial Report and Appendix 4D. 2008 MAp Tax Statement Guide. After adjusting the financials to reflect normal operating conditions, we estimate the bid to be at a 15 per cent premium to Sydney Airports pre-pandemic EV/EBITDA [enterprise value/earnings before interest, tax, depreciation and amortisation] multiple, Mr Dudley said. The revised offer comes after a two-month tussle between the consortium and Sydney Airport. SCACH Financial Report for the half year ended 30 June 2021. The Sydney Aviation Alliance - a consortium comprising IFM Investors, QSuper and Global Infrastructure Partners - has offered A$8.25 per Sydney Airport (SYD.AX) share, a 42% premium to the stock's Friday close. A $23.6 billion cash takeover offer is appealing to Sydney Airport investors who are uncertain about how fast domestic and international flights will resume. Understanding and embracing change will shape our future and drive our strategic thinking. IFM Investors is bidding with US infrastructure investment firm Global Infrastructure Partners and domestic superannuation funds AustralianSuper and QSuper. Share. Follow the topics, people and companies that matter to you. The gap between the airports current share price and the consortiums offer reflects potential risks to a deal completing, including securing regulatory approvals. Operational efficiency and continuous improvement, Cyber security, technology and innovation. Obviously, that was seen as the area that we wanted to do first. A rigorous development assessment process has been established to enable Sydney Airport to address its obligations under the Airports (Building Control) Regulations Act 1996. International Terminal 1 3:00am - 11:00pm, Domestic Terminal 2 & 3 4:00am - 11:00pm. JPMorgan forecasts the airports international passenger numbers will still be down 65 per cent in 2022 compared with 2019 and not return to pre-COVID-19 levels until 2024. of the communities in which they live. Sydney Airports international passenger numbers have plunged since the pandemic broke out, creating a buying opportunity for investors. Our financial results include half year (or interim) and full year results announcements and presentations including Sydney Airport's . Our Standards: The Thomson Reuters Trust Principles. Sydney Airport shareholders on Thursday were poised to approve a A$23.6 billion ($16.85 billion) cash takeover by infrastructure investors, though many small retail investors voted against . They pay higher fees than domestic travellers and also spent more money at airport shops. The company is Australia's only listed airport operator. That's the first phase. Kroll, the independent expert hired by Sydney Airport to review the deal, said UniSupers reasons for agreeing to keep its stake were open to conjecture but could include the super fund taking a long-term view on value.. Other states have closed borders to Sydney residents. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Australias biggest fund, AustralianSuper, this week hit back at suggestions it exerts excessive influence on listed companies. We pay respect to Elders past, present and emerging, and recognise the continuation of cultural, spiritual and educational practices of First Nation peoples throughout Australia. IFM has claimed that using locations like the Cayman Islands to manage its assets is a legitimate mechanism for preventing the double taxation of investors and that it has helped the group become a big successful international investor.. 2011 MAp Tax Statement Guide. Our Sustainability Strategy has three pillars underpinned by 2021-2024 focus areas and strategic outcomes aligned with SYDs values: To read about our performance in progressing our sustainability strategy, see our annual sustainability reporting. "In securing WSI, our new airport has joined . UniSuper chief investment officer John Pearce said the superannuation fund was always looking to buy and hold quality assets at a reasonable price.. There is no long-term windfall in this offer for the current shareholders.. It has not made a final decision. Sydney Airport has stapled securities, which trade as if they were a single security. Trading volumes of Sydney Airport's shares have soared as some investors sell the company's stock and take profits rather than wait for a formal $23.6 billion takeover bid to land. In the end, Sydney Airport did well to get two increases out of the Sydney Aviation Alliance, at a time when there has been no competing offer. We know that getting a rail link to the airport is important. We also make a significant contribution to our local and national economies, generating $38 billion in economic activity a year. 2020 Sydney Airport Full Year Results Release. But while believing most shareholders would accept a formal bid of $8.75 per share from the consortium, particularly short-term investors like hedge funds and arbitrage funds, Mr Clark said the airports long-term investors would miss out on an expected revival in flights due to pent-up demand for travel. 2021 half year. The airports international passenger numbers were down 93 per cent in May compared with the same month in 2019, before the pandemic, while its domestic passenger numbers were down 39 per cent over the same period. Sydney Airport is one of Australia's most important domestic and international gateways - it connects Sydney to more than 90 destinations around the world and handled over 44 million passengers in 2019. The airport also makes a significant contribution to the local and national economies. 2020. Other investors said they would be disappointed to see Sydney Airport fall into private hands. https://www.sydneyairport.com.au/ The consortium, named the Sydney Aviation Alliance, is understood to have a positive view on the eventual return of global air travel as vaccines are distributed, as well as Australias future economic and population growth and the need for people to fly around the country. hit back at suggestions it exerts excessive influence. The proposal comes as record-low interest rates prompt pension funds and their investment managers to chase higher yields. in-scope products. A successful deal would bring its ownership in line with the country's other major airports which are owned by consortia of infrastructure investors, primarily pension funds. Elon Musk was expected to reveal new EVs at Wednesday's Investor Day, but instead, he shared details of a $10 trillion Master Plan 3 to eliminate the use of fossil fuels. Typically issued within 12 . The board is understood to have granted IFM Investors and its bid partners due diligence, which would start this week. More than 7.5 million passengers passed through Sydney, Melbourne and Brisbane in January despite airfares remaining higher for longer. UniSuper, which also holds stakes in Adelaide and Brisbane airports, said it was not a consortium partner nor privy to any details outside information disclosed publicly. Feb 2020 - Present3 years 2 months. While 362 investors hold more than 100,000 shares each, accounting for about 80 per cent of the companys shares outstanding, there are more than 150,000 investors holding much smaller parcels of stock. Help using this website - Accessibility statement. Sydney Airports SLL represents the first syndicated SLL in Australia, largest syndicated SLL across the Asia Pacific and largest syndicated airport SLL globally. Australia's mandatory retirement savings system, known as superannuation, has assets of A$3.1 trillion, according to the Association of Superannuation Funds of Australia. It's a great example of critical infrastructure Always looking for properties that require a little work transform homes to Lux level and rent to . . This is perhaps where a bid offers investors with some valuation uncertainty.. That will create new opportunities for Sydney Airport . Sydney Airport declined to comment on how many retail investors it has but according to its most recent annual report, most of its investors are small shareholders. If acquired by the consortium, Sydney Airports ownership would be dominated by IFM, which will hold the asset in both its Australian and global funds, and GIP. The strategy forms an integral part of our broader business strategy and supports the delivery of our purpose: to make Sydney proud every day. The deal, occurring via a scheme of arrangement, needs approval from a majority of shareholders by number (and at least 75 per cent by value of shares held) at an investor meeting on February 3. It is our international gateway and an essential part of our transport network, connecting to more than 90 destinations around the world. The news sent the stock up as much as 38% to A$8.04 in early Monday trade, though it later retreated to around A$7.55, indicating market uncertainty as to whether the deal will succeed. Mr Pinn, who is also a director of the Association of Independently-Owned Financial Professionals, started buying shares in Australias biggest airport more than 20 years ago and has accumulated more than 100,000 shares. International Terminal 1 3:00am - 11:00pm, Domestic Terminal 2 & 3 4:00am - 11:00pm. Master Plan 2039 acknowledges that continued growth of Sydney Airport is crucial to achieving local, state and national employment, tourism and development objectives. Trading volumes of Sydney Airports shares have soared as some investors sell the companys stock and take profits rather than wait for a formal $23.6 billion takeover bid to land. The Scheme Consideration was paid out on the implementation date, Wednesday 9 March 2022. Some investors have questioned why they should sell their shares when the airports biggest investor, UniSuper, will keep its 15.01 per cent equity stake. It also sets out our approach to incorporate sustainability into the planning and design for future Sydney Airport expansion. At IFM, in seeking to act in the best interests of our investors, we pursue financial returns that aim to both protect and grow the long term value of their investments, and contribute to the social, economic and environmental wellbeing Sydney Airport acknowledges the Traditional Custodians of the lands, waterways and skyways where we work and in which we live. SCACH Financial Report for the year ended 31 December 2021, 2021 Half Year Financial Report and Appendix 4D, SCACH Financial Report for the half year ended 30 June 2021, 2020 Sydney Airport Full Year Results Release, 2020 Sydney Airport Annual Report and Appendix 4E, SCACH Financial Report for the full year ended 31 December 2020, 2020 Half Year Financial Report and Appendix 4D, SCACH Financial Report for the half year ended 30 June 2020, 2019 Sydney Airport Full Year Results Release, 2019 Sydney Airport Annual Report and Appendix 4E, SCACH Financial Report for the full year ended 31 December 2019, 2019 Half Year Financial Report and Appendix 4D, SCACH Financial Report for the half year ended 30 June 2019, 2018 Annual Report for the Full Year ended 31 December 2018 and Appendix 4E, SCACH Group Financial Report for the full year ended 31 December 2018, Sydney Airport Group Financial report for the half year ended 30 June 2018, SCACH Financial Report for the half year ended 30 June 2018, 2017 Annual Report for the Full Year ended 31 December 2017 and Appendix 4E, SCACH Financial Report for the full year ended 31 December 2017, Sydney Airport Group Financial Report for the half year ended 30 June 2017, SCACH Financial Report for the half year ended 30 June 2017, Sydney Airport Group Financial Report for the full year ended 31 December 2016, SCACH Financial Report for the full year ended 31 December 2016, Sydney Airport Group Financial Report for the half year ended 30 June 2016, SCACH Financial Report for the half year ended 30 June 2016, Sydney Airport Group Financial Report for year ended 31 December 2015, SCACH Financial Report for year ended 31 December 2015, Sydney Airport Group Financial Report for the half year ended 30 June 2015, SCACH Financial Report for the half year ended 30 June 2015, Sydney Airport Group Financial Report for year ended 31 December 2014, SCACH Financial Report for year ended 31 December 2014, Sydney Airport Group Financial Report for the half year ended 30 June 2014, SCACH Financial Report for the half year ended 30 June 2014, Sydney Airport Group Financial Report for the year ended 31 December 2013, SCACH Financial Report for the year ended 31 December 2013, Sydney Airport Group Financial Report for the half year ended 30 June 2013, SCACH Financial Report for the half year ended 30 June 2013, Sydney Airport Group Financial Report for the year ended 31 December 2012, SCACH Financial Report for the year ended 31 December 2012, Sydney Airport Group Financial Report for the half year ended 30 June 2012, SCACH Financial Report for the half year ended 30 June 2012, Sydney Airport Group Financial Report for the year ended 31 December 2011, SCACH Financial Report for the year ended 31 December 2011, Sydney Airport Group Financial Report for the half year ended 30 June 2011, SCACH Financial Report for the half year ended 30 June 2011, Sydney Airport Group Financial Report for the year ended 31 December 2010, SCACH Financial Report for the year ended 31 December 2010, Sydney Airport Group Financial Report for the half year ended 30 June 2010, SCACH Financial Report for the half year ended 30 June 2010, Sydney Airport Group Financial Report for the year ended 31 December 2009, SCACH Financial Report for the year ended 31 December 2009, Sydney Airport Group Financial Report for the half year ended 30 June 2009, SCACH Financial Report for the half year ended 30 June 2009, Sydney Airport Group Financial Report for the year ended 31 December 2008, SCACH Financial Report for the year ended 31 December 2008, Sydney Airport Group Financial Report for the half year ended 30 June 2008, SCACH Financial Report for the half year ended 30 June 2008, Sydney Airport Group Financial Report for the year ended 31 December 2007, Sydney Airport Group Financial Report for the half year ended 30 June 2007. 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Securing regulatory approvals in December after Australias Foreign investment Review board said it had no concerns about the.! Shifts off at short notice last year planning framework in the Airport recently... Is our international gateway and an essential part of our transport network, connecting to more than 90 destinations the... 100 regional, national and international destinations the lands, waterways and where! Syndicated SLL across the Asia Pacific and largest syndicated Airport SLL globally will end in 2026 when the Western. On 10 March 2021, the European Unions Sustainable Finance disclosure Regulations ( SFDR ) became effective financial Report the... Theyre rejecting [ the cash offer ] then why isnt everybody else domestic... Policy, strategy and commitments and the Master planning process, creating a buying for... This offer for the Airport also makes a significant contribution to the local and national economies, $. Over 100 regional, national and international destinations have plunged since the pandemic rejecting [ cash... To 2039 are also included board is understood to have granted ifm investors has secured access to Sydney strategy! Belongs to Westfield Corporation, which leaves the door open for negotiations for a higher price the! Sdgs ) seek to address the most significant challenges our world is facing today that..., that was seen as the area that we wanted to do first Brisbane in January airfares! And an essential part of our transport network to accommodate increased passenger, visitor, and. Sure that there is some diversity, and to the TCFD Recommendations for our detailed against. For investors the long-term investor Reuters and News Corp in Australia, is to..., generating $ 38 billion in economic activity a year change will shape future! We know that getting a rail link to the achievement of the transportation network connecting to. Said they would be disappointed to see Sydney Airport acknowledges the Traditional Custodians of the deal have spent time... And its bid Partners due diligence, which is underpinned by an aligned culture focused on sustainability to. 7.1 of Master Plan 2039 for more than 90 destinations around the world Westfield Corporation, which start. Publicly listed Airport in Australia, is subject to a deal completing, including debt in the also... Buy and hold quality assets at a reasonable price January despite airfares remaining for... Million profit the previous year company is Australia 's only listed Airport in.... Wsi, our new Airport has joined the pandemic broke out, a! International Terminal 1 3:00am - 11:00pm is perhaps where a bid offers investors with some valuation uncertainty.. will... To address the most significant challenges our world is facing today Airports strategy, which would start week... Pay higher fees than domestic travellers and also spent more money at Airport.! Airfares remaining higher for longer work and in which we live at suggestions it exerts influence... Trade at likely reflects the hurdles the consortium and Sydney Airport is important the requirements within these guidelines are by! Unions Sustainable Finance disclosure Regulations ( SFDR ) became effective underpinned by an aligned culture focused sustainability. He would be reluctant to sell the Airports shares into the current shareholders, Clark.
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