SYDNEY: A consortium led by Macquarie Group Ltd is exploring a rival offer for Sydney Airport, in a potential challenge to IFM Investors Pty’s A$22.3bil (US$17bil or RM70.92bil) bid, people with knowledge of the matter said.
The Australian firm has been speaking with potential partners, including local pension funds, about making a joint offer, according to the people. The bidding group could include funds managed by Macquarie Infrastructure & Real Assets (Mira), the people said, asking not to be identified because the information is private.