MAHB’s takeover offer is a commercial transaction submitted by a consortium led by two of MAHB’s current shareholders, namely Khazanah Nasional Bhd and EPF. (KLIA pic)
KUALA LUMPUR: The takeover offer for Malaysia Airports Holdings Bhd (MAHB) is expected to be finalised in the third quarter of this year, says the finance ministry.
The ministry also said the deal needs to be approved by at least 90% of MAHB’s existing shareholders, adding that it would not have any financial implications on Putrajaya since the offer is a commercial transaction.
“The government will continue to monitor this development and ensure that whatever decisions are reached later are made in accordance with the laws and regulations currently in force,” said the ministry in a written parliamentary reply.
It was responding to Wan Ahmad Fayhsal Wan Ahmad Kamal (PN-Machang), who asked the ministry to state the details of the sale of MAHB shares to foreign companies, including the prerequisite voluntary offer by the Gateway Development Alliance and shareholders involved.
MAHB’s takeover offer is a commercial transaction submitted by a consortium led by two of MAHB’s current shareholders, namely Khazanah Nasional Bhd and EPF.
If the offer is accepted and agreed by the other MAHB shareholders, Khazanah will own 40% of the shares in MAHB and EPF will acquire 30% ownership.
Meanwhile, the Abu Dhabi Investment Authority and Global Infrastructure Partners will hold the remaining 30% of shares.
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