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Australia sells Sydney Airport

Sydney, Australia - USD 3.1bn to take a 99-year lease

A consortium led by Australia's Macquarie Bank has paid AUD 5.5bn (USD 3.1bn) to take a 99-year lease on Sydney Airport. The deal, the biggest trade sale in Australian history, gives the Southern Cross consortium full control of Sydney Airport Corporations, the airport's managing company, and the first right to build a second Sydney airport. Southern Cross, which beat off two other bidders for...

AVIONEWS - World Aeronautical Press Agency - 30257
Rome, Italy, 06/25/2002 11:13
AVIONEWS - World Aeronautical Press Agency

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