BBC News

The owner of Australia's busiest airport has received a A$22.26bn ($16.7bn; £12.1bn) takeover offer.

Sydney Airport said the proposal, which is below its pre-pandemic stock market valuation, was being reviewed.

A consortium made up of IFM Investors, pension fund QSuper and Global Infrastructure Management tabled the offer of A$8.25 a share, which is a more than 40% premium to Sydney Airport's closing price on Friday.

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