Dexus could sell APAC airport stake
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Background ✨
Australia Pacific Airports Corporation confirmed Dexus might have been required to divest its 27.3% stake in Melbourne Tullamarine Airport after the airport board issued a notice alleging a material, non-remediable breach of confidentiality agreements under its shareholders deed, which Dexus intended to dispute.1 Dexus previously launched a Wholesale Airport Fund, which held a one percent investment in APAC and raised more than AUD130 million to support potential further acquisitions to increase its APAC stake.2