Germany’s airport investor Hochtief has sold its shares in Australia’s Sydney Airport to the Public Sector Pension Investment Board (PSP Investments) of Canada. The transaction results in a cash inflow of €308 million, and is a crucial milestone for closing the sale of Hochtief’s entire airport business line to PSP Investments for a total of approximately €1.1 billion. The deal is expected to be finalized before the end of the year.
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