MAHB takeover offer set to be finalised in Q3: MOF

The takeover offer for Malaysia Airports Holdings Bhd (MAHB) is expected to be finalised in the third quarter of this year and will require the approval of at least 90 percent of MAHB’s existing shareholders, the Finance Ministry said.

The ministry also emphasised that since the offer is a commercial transaction, it has no financial implications for the government.

“The government will continue to monitor this development and ensure that whatever decisions reached later must be made in accordance with the laws and regulations currently in force,” it said.

The ministry said this in a written reply on the Parliament website yesterday to a question from Wan Ahmad Fayhsal Wan Ahmad Kamal (PN-Machang) who asked the ministry to state the details regarding the sale of MAHB shares to foreign companies.

These included the financial implications as well as the prerequisite voluntary offer by the Gateway Development Alliance (GDA) and the shareholders involved.

The takeover offer is a commercial transaction submitted by a consortium led by two of MAHB’s current shareholders - Khazanah Nasional Bhd and the Employees Provident Fund (EPF).

If the offer is accepted and agreed upon by the other MAHB shareholders, Khazanah will own 40 percent of the shares in MAHB and the EPF will acquire 30 percent ownership, while the Abu Dhabi Investment Authority (Adia) and Global Infrastructure Partners (GIP) will hold another 30 percent of the shares.

- Bernama

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