Revised bid could lead to biggest ever cash takeover in Australia’s history

SYDNEY (CU)_Since the beginning of the pandemic in March 2020, the aviation sector of Australia has been severely affected, with border closures and the frequent clamp down on domestic travel seeing revenue and earnings tumbling at record levels. The situation appears to be particularly grim in the state of New South Wales, which has been reporting a sharp escalation in COVID-19 infections over the recent weeks, which triggered tough restrictions across the state. Despite these challenges, the Sydney Airport may be on track to be a part of the biggest ever cash takeover in Australia’s history, following a revised bid made by a major investment management company over the weekend.  

Over the past couple of months the international airport was in a deadlock with…

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