Here’s one we missed on this year’s airport M&A watch.
Street Talk understands Singapore’s $150 billion-plus sovereign wealth fund, GIC, has quietly picked up a circa 5 per cent stake in Brisbane Airport, which posted $706.2 million EBITDA for the 2024 financial year after hitting record $979.9 million revenue.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com