SINGAPORE, Jan 6 (Reuters) - A takeover offer for
Malaysia Airports Holdings by a consortium comprising
the country's sovereign wealth fund Khazanah and BlackRock's ( BLK )
Global Infrastructure Partners has been extended to Jan. 17 from
Jan. 8, stock filing on Monday showed.
The offerors, which include Malaysia's Employees Provident
Fund and the Abu Dhabi Investment Authority, have secured a
70.08% stake in Malaysia Airports as of Monday, versus 40.85%
held on Dec. 6, 2024, the filing showed.
Another 5.65% stake was transferred to the consortium
pending receipt of an acceptance document as of Monday, it said.
The consortium will make an announcement on the level of
acceptance of their offer as of Jan. 8 in due course, the
statement added.
It announced in May last year an offer to acquire all shares
in Malaysia Airports not already owned by it at 11 ringgit per
share, giving the airports operator an equity value of 18.4
billion ringgit ($4.08 billion).
Shares of the company have surged 38.8% over the past year,
LSEG data showed. It ended Monday 0.4% lower at 10.48 ringgit.
($1 = 4.5080 ringgit)