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 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)