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Sydney Airport Holdings Limited (ASX:SYD) has bought the remaining interest in the airport, increasing its ownership to 100 per cent.
Sydney Airport says it’s agreed purchase the remaining 15.2 per cent interest in the airport.
The company says the deal has been structured to ensure there is no ownership dilution for the 38,000 investors which include retail holders and some of the world’s biggest superannuation funds.
Sydney Airport shares went into a trading halt ahead of the announcement.
The group also announced it had agreed in-principle terms to settle all matters concerning deductibility of distributions paid on Sydney Airport redeemable preference shares with the Australian Taxation Office.
Sydney Airport delivered a $158 million net profit for its 2012 financial year.
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