Sydney Airport to raise $2 billion after COVID-19 profit collapse
The Sydney Airport Holdings Pty Ltd(ASX: SYD) share price won’t be going anywhere on Tuesday after the airport operator requested a trading halt.
Why is the Sydney Airport share price in a trading halt?
This morning Sydney Airport requested a trading halt while it launched a fully underwritten pro rata accelerated renounceable entitlement offer to raise $2 billion.
According to the release, the offer will allow eligible securityholders to acquire one new Sydney Airport stapled security for ev…