CORRECTED-Malaysia Airports sale to Gateway Development Alliance moves a step closer
(Corrects headline and paragraph 1 to remove reference to offer being unconditional, adding acceptance level in paragraph 1) Jan 24 (Reuters) - Malaysia Airports MAHB.KL said on Friday 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%. The bidding consortium also includes BlackRock's BLK.N Global Infrastructure Partners and Abu Dhabi Investment Authority (ADIA) Last May the consortium offered to acquire all remaining shares at 11 ringgit per share, giving the airports operator an equity value of 18.4 billion ringgit ($4.21 billion). ($1 = 4.3750 ringgit) (Reporting by Rishav Chatterjee in Bengaluru; Editing by Savio D'Souza and David Goodman ) (([email protected];))
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