The stake is held through Dexus Bloc in Australia Pacific Airports Corporation (APAC), which owns Melbourne and Launceston airports, with Dexus acting as the manager.
It also said in a statement it intends to dispute the allegations.
Friday's notice marks an escalation in the dispute with other APAC shareholders, who allege that Dexus breached the shareholders' deed by disclosing confidential information during the sale process.
“The breach was considered material and incapable of being remedied. The board is overseeing this matter with a strong focus on good governance and complying with its obligations to act in the best interests of the company,“ added the APAC spokesperson.
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