Dexus

DXS: XASX (AUS)
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Dexus: Forced Off the Airport Runway; Downgrading Fair Value by 10% to AUD 8.50

Dexus lost the legal fight with Australia Pacific Airports, owner of Melbourne and Launceston Airports. It is being forced to sell the 27% stake in APAC that its infrastructure funds hold (together, the Dexus Bloc) back to APAC's co-owners.

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