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Livewire Exclusive: $8.25 for Sydney Airport? Tell em they’re dreaming

Fund managers aren’t surprised that a consortium comprising of superannuation funds has lobbed a $22 billion bid for Australia’s only locally domiciled listed airport, and have dubbed the offer opportunistic.

On Monday, superannuation-backed infrastructure fund IFM Investors, QSuper (soon to be merged with Sunsuper) and New York-based global investment manager Global Infrastructure Management offered the shareholders of Sydney Airport (ASX:SYD) $8.25 per share, in a bid to take the listed airport private.

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