Malaysia Airports takeover offer extended to Jan 17; consortium secures 70% stake
Shares of the company have surged 38.8% over the past year
A TAKEOVER offer for Malaysia Airports Holdings by a consortium comprising the country’s sovereign wealth fund Khazanah and BlackRock’s Global Infrastructure Partners has been extended to Jan 17 from Jan 8, stock filing on Monday (Jan 6) showed.
The offerors, which include Malaysia’s Employees Provident Fund and the Abu Dhabi Investment Authority, have secured a 70.08 per cent stake in Malaysia Airports as of Monday, versus 40.85 per cent held on Dec 6, 2024, the filing showed.
Another 5.65 per cent stake was transferred to the consortium pending receipt of an acceptance document as of Monday, it said.
The consortium will make an announcement on the level of acceptance of their offer as of Jan 8 in due course, the statement added.
It announced in May last year an offer to acquire all shares in Malaysia Airports not already owned by it at RM11 per share, giving the airports operator an equity value of RM18.4 billion (S$5.54 billion).
Shares of the company have surged 38.8 per cent over the past year, LSEG data showed. It ended Monday 0.4 per cent lower at RM10.48. REUTERS
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