Auckland International Airport Limited

ASX:AIA

Auckland International Airport Limited

ASX:AIA
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$6.67 (+1.2%)
Last close price
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6
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zebedee
Added 3 years ago

From today's Australian:

Investment bankers are expected to start pitching hard in the coming months to land a role on a likely $2bn block trade out of Auckland Airport.

..........

But Auckland Airport’s 18 percent shareholder, the Auckland Council, has indicated it will sell its stake in the airport operator, with a deal likely by next July.

A beauty parade is yet to be launched to find a bank, but most are betting that there will be plenty of interest.

The $11bn Auckland Airport was knocked over in the rush from investors when it raised $NZ1.2bn during 2020 at the onset of the global pandemic. Working on that deal were Citi, Jarden and Credit Suisse.......

Anyone any thoughts on how this might affect the sp?

6
Mujo
Added 3 years ago

Might drop temporarily if the cross trade is done at a slight discount to the traded price - assuming isn’t sold slowly on market and sold as a block. Might also sap demand from some investors that did want to get in so might not perform as well as could be temporarily. That’s said no long term effect in the company and so the share price.

9