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Business deals

Sydney Airport shareholders vote on $16.8bn buyout offer

Deal would leave few Australian infrastructure assets trading on market

SYDNEY -- The already small number of listed infrastructure assets in Australia is likely to shrink further this week, as shareholders of the country's largest airport vote on a 23.6 billion Australian dollar ($16.8 billion) takeover proposal on Thursday.

Sydney Airport's board agreed in November to the buyout offer from a consortium of local pension funds including IFM Investors, QSuper and AustralianSuper, as well as New York-based investor Global Infrastructure Partners, but the deal must clear the final hurdle at the shareholders meeting.

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