NSW Court approves Sydney Airport (ASX:SYD) takeover

Company News

by Lauren Evans

The Supreme Court of NSW has approved Sydney Aviation Alliance’s proposed scheme to acquire all shares in Sydney Airport (ASX:SYD).

The airport expects to lodge a copy of the court orders with the Australian Securities and Investments Commission today, at which point the scheme will become legally effective.

If this occurs, Sydney Airport will apply for its securities to be suspended from trading on the ASX from the close of trade today

Shares in Sydney Airport (ASX:SYD) are trading 0.2 per cent higher at $8.72. 

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