News: Sydney Airport mulls ownership structure

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    Sydney Airport Holdings Limited (ASX:SYD) is considering buying the Future Fund’s stake in the airport, according to media reports. 


     


    The Future Fund stands to make more than $150 million if it sells its stake in Sydney’s Kingsford Smith Airport, the reports say.


     


    Sydney Airport, which owns 84.8 per cent of the company that holds the airport, is reportedly considering changing its ownership structure.


     


    The Future Fund purchased the stake earlier this year in a $2 billion deal with the Australian Infrastructure Fund. 


     


    The stake equates to a 2.6 per cent holding and is reportedly worth around $7.8 billion.


     


    Sydney Airport delivered a $158 million net profit for its 2012 financial year. 

 
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