ASX - Listed Sydney Airport (SYD) - Announcement

In short, ASX-listed Sydney Airport (SYD) plans to move to 100 per cent ownership of Sydney Airport, by acquiring the remaining (unlisted) 15.2 per cent of Sydney Airport.

This will mean that Sydney Airport will be 100 per cent owned by 38,000 super funds and 'mum and dad' investors.

Following investor approval, we will then move to simplify the corporate structure; the final stage of a simplification process which commenced in 2009.

We're taking steps to implement these changes and expect the process to be completed by the end of the year.

Importantly, these changes will not affect our day-to-day operations or the customer experience for our 37 million passengers a year. It's business as usual at Sydney Airport.

We remain focused on delivering a world-class airport experience and fostering the growth of Sydney Airport for the benefit of Sydney, NSW and Australia.

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