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)