Singapore Inc sets itself up for another blocked deal

The Civil Aviation Authority of Singapore''s hopes to acquire a stake of Sydney Airport are likely to be dashed owing to its government ownership.

Jim Regan

May 31, 2000

The state-owned Civil Aviation Authority of Singapore (CAAS) has expressed an interest in acquiring a stake in Sydney Airports Corp (SAC), which is earmarked for sale after the Sydney 2000 Olympic Games in September. Analysts say that SAC is valued at around A$4 billion ($2.3 billion).

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