Jun 12, 2026 – 5.07pmDexus directors have been suspended from the board of the company which holds its prized investment in Melbourne Airport following a disastrous court loss that will force the sale of its stake.Shareholders in Australia Pacific Airports Corporation – owner of Melbourne and Launceston airports – led by IFM Investors, are pushing to sell Dexus’ 27.3 per cent stake after Supreme Court justice David Hammerschlag ruled last month that Dexus had materially breached a three-decade-old shareholder agreement.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles