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Malaysia Airports sale to Gateway Development Alliance consortium now unconditional
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Malaysia Airports sale to Gateway Development Alliance consortium now unconditional
Jan 24, 2025 3:35 AM

Jan 24 (Reuters) - Malaysia Airports 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 )

Global Infrastructure Partners and Abu Dhabi Investment

Authority (ADIA), have now secured total control of 92.82% in

the airports operator.

The consortium, had in May 2024, 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)

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