Macquarie lands the big one.

Australasian Business Intelligence, June, 2002

ABIX via COMTEX) -- A huge public asset sale has taken place in Australia. On 25 June 2002, the Australian Government sold Sydney airport to a private consortium. The Macquarie Bank-led consortium paid $A5.59 billion for the gateway to Australia. Some 60 per cent of the asset will remain in Australian hands. On 25 June 2002, the sale helped push Macquarie Bank shares up by $A0.94 to $A31. The Macquarie Airports stock rose slightly to $A0.89. The new owners of the airport include Macquarie Bank and its spin-offs, as well as Hochtief of Germany and Abbey National Treasury Services of Great Britain. Macquarie Bank will seek to raise $A1.5 billion via a bond issue on the capital markets.

Publication Date: 26 June 2002

SYDNEY AIRPORTS CORPORATION LIMITED:...

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