UPDATE 1-Malaysia Airports says its sale to GDA consortium now unconditional

Industrials
(Adds background and details on offer in paragraphs 3-5) 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 now become unconditional. The bidding consortium, which also includes BlackRock's BLK.N Global Infrastructure Partners and Abu Dhabi Investment Authority (ADIA), have now secured control of 92.82% in the airports operator. Khazanah, Malaysia Airport's biggest shareholder, had in May last year teamed up with the other bidders and offered to acquire all remaining shares at 11 ringgit apiece, giving the airports operator an equity value of 18.4 billion ringgit ($4.21 billion). The deal had been delayed partly due to political resistance, after a group of local civil society bodies started a protest against the bid amid boycott campaigns against some U.S. firms over the Gaza war. Malaysia Airports said on Friday the offer will remain open till Feb. 4. ($1 = 4.3750 ringgit) (Reporting by Rishav Chatterjee in Bengaluru; Editing by Savio D'Souza and Shounak Dasgupta) (([email protected]))
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Published Date
24 Jan 2025 at 7:19 PM
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Refinitiv
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