Adelaide Airport shareholder launches auction for 15.3pc stake
Mitsubishi-owned Igneo Infrastructure Partners has launched a sale of its 15.3 per cent stake in Adelaide Airport, in a deal that could see it valued at close to $4 billion and follows ownership shake-ups at nearly a dozen Australian airports over the past 12 months as falling interest rates lift valuations.
Street Talk can reveal Igeno has mandated Barrenjoey Capital Partners' infrastructure bankers to find a buyer for its 15.3 per cent stake in Adelaide Airport, which carried 2.1 million passengers in the March quarter. The sale includes the neighbouring Parafield Airport, alongside which it was privatised in 1998 under a 99-year-lease for about $467 million.
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