KUALA LUMPUR, May 24 — Malaysia Airports Holdings Bhd confirmed last week a takeover offer from a consortium led by its major shareholders Khazanah Nasional Bhd and the Employees...
KUALA LUMPUR, May 24 — Malaysia Airports Holdings Bhd confirmed last week afrom a consortium led by its major shareholders Khazanah Nasional Bhd and the Employees Provident Fund , a deal reportedly valued at over RM12 billion.
Rumours about the privatisation had floated for months before the country’s biggest airport operator made the offer public through a filing with Bursa Malaysia on Wednesday. The confirmation was both welcomed and criticised. — Picture by Shafwan ZaidonMAHB is currently a listed company with government-linked investment firms Khazanah and EPF among its biggest shareholders.
The remaining 30 per cent will be held by GIP and Adia through a joint venture company called GIP Aurea Pte Ltd, a joint venture.reported that GIP will effectively hold a 25 per cent stake in MAHB should the takeover take place, since it owns up to 80 per cent of the JV. Adia will only have a 5 per cent effective stake, it wrote.
Services at the country's major airports, including the Kuala Lumpur International Airport, have come under some criticism, and users have long demanded improvement. GIP is owned by BlackRock, reported as the world’s biggest asset manager with huge investments directly in Israel.
Israel Khazanah Nasional Bhd Employees Provident Fund EPF Privatisation Anthony Loke Transport Ministry Blackrock Commodities (Global) Ltd
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