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Air New Zealand planes parked up at Auckland Airport during the Covid-19 pandemic.
Photo: Supplied/ Air NZ
Auckland Airport shares gained more than 6 percent on news that a consortium of infrastructure investors has offered $A22.3 billion (approx $NZ24.8b) for Sydney Airport Holdings, the operator of Australia s biggest airport.
A consortium of IFM Investors, pension fund QSuper, and Global Infrastructure Management has offered $A8.25 a share, a 42 percent premium to Sydney Airport s closing price on Friday.
Sydney Airport said the offer was below its pre-pandemic share price and said it was reviewing the proposal, which was contingent the consortium doing a detailed look at the airport company s finances and getting the backing of directors in the absence of a superior offer.
For many people, St. Patrick’s Day means a corned beef and cabbage dinner, a pint of Guinness and watching “The Quiet Man” for the 100th time.
For investors seeking to add a breath of fresh Eire in their portfolios might want to consider taking a second look at some major Irish. Read More.