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Malaysia Airports says its sale to GDA consortium now unconditional
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Malaysia Airports says its sale to GDA consortium now unconditional
Jan 24, 2025 3:36 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 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)

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