1.

APAC meaning in Business ?

Answer» What is Australia Pacific Airports Corporation mean?

Australia Pacific Airports Corporation Limited (APAC) is an unlisted company and owner of two Australian airports: Melbourne Airport and Launceston Airport. Each airport is operated by an airport lessee company, in which APAC has a controlling interest: Australia Pacific Airports (Melbourne) Pty Ltd and Australia Pacific Airports (Launceston) Pty Ltd respectively.

APAC acquired the lease for Melbourne Airport for $1.307 billion on 2 July 1997, and a 90% stake in Launceston Airport for $18.8 million on 29 May 1998. Launceston City Council owns the remaining 10% of Launceston Airport. Each airport is under a fifty year long-term lease from the Australian Government, with options for a further forty-nine years.

The company is majority Australian owned by five Australian fund managers:

AMP Capital Investors (29%)Industry Funds Management (24%)Deutsche Australia (20%)Future Fund (19%)Hastings Funds Management (8%)

The Chief Executive Officer is Lyell Strambi.: 7 

reference
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Australian Psychology Accreditation Council Associations & Organizations
Asia Pacific Activities Conference Associations & Organizations
Australian Partnership for Advanced Computing Associations & Organizations
Asia-Pacific Amateur Championship Associations & Organizations
Australia Pacific Airports Corporation Business
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