Malaysia Airports sale to Gateway Development Alliance moves a step closer
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MALAYSIA Airports said on Friday (Jan 24) a takeover bid by the Gateway Development Alliance (GDA) consortium, led by sovereign wealth fund Khazanah Nasional, had reached an acceptance level of 92.82 per cent.
The bidding consortium also includes BlackRock’s Global Infrastructure Partners and Abu Dhabi Investment Authority (ADIA).
Khazanah, Malaysia Airport’s biggest shareholder, teamed up with other bidders last May to offer to acquire all remaining shares at RM11 apiece, giving the airports operator an equity value of RM18.4 billion (S$5.7 billion).
The deal had been delayed partly because of political resistance after a group of local civil society bodies started a protest against the bid amid boycott campaigns against some US companies over the Gaza war.
Malaysia Airports said on Friday the offer will remain open until Feb 4. REUTERS
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