CompaniesChanticleerChanticleerDexus boiled in its own Mercury over Melbourne Airport fiascoAfter the big courtroom defeat, the property manager’s push into infrastructure is in tatters. Its board has a big few days ahead.Alarm bells went off at Australia Pacific Airports Corporation, the owner of Melbourne Airport, when a prospective investor started asking questions that appeared to be too well-informed.That investor was Singapore sovereign wealth fund GIC, linked to Singapore Airlines’ major investor, at a time when the airport was in negotiations with its biggest airline customers.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In Financial servicesFetching latest articlesMost Viewed In Chanticleer
Dexus boiled in its own Mercury over Melbourne Airport fiasco
After the big courtroom defeat, the property manager’s push into infrastructure is in tatters. Its board has a big few days ahead.
TL;DRAI
Dexus lost a major court case over Melbourne Airport after Singapore's GIC sovereign fund was found accessing sensitive airline negotiation data. The ruling ends Dexus's infrastructure push and flags governance risk in M&A involving sovereign wealth funds in regulated assets.
111 words~1 min read
