Australia deals of the year 2002

In our inaugural set of awards honouring capital markets achievement in Australia, FinanceAsia announces the winners for deals completed in 2002.

Best Overall Deal

Sydney Airports Corporation Sale

Advisers to the Government - Salomon Smith Barney

Deals like the sale of Sydney Airports to the Southern Cross Airports Corporation come but once in a blue moon. The monstrous A$5.59 billion price tag paid by the winning consortium led by Macquarie Bank was a stellar outcome for Australia's Commonwealth Government which was advised by Salomon Smith Barney. While Macquarie was criticized after the deal for paying too much in the three-way bidding war equating to 24.7 times 2001A EBITDA, there are few who will deny that Sydney Airports is a prized asset. SSB handled its mandate skillfully.

...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222