KUALA LUMPUR, July 15 — The takeover offer for Malaysia Airports Holdings Bhd (MAHB) is to be finalised in the third quarter, and needs to be approved by at least 90 per cent of MAHB’s existing shareholders, the Finance Ministry said.
The ministry emphasised that since the offer is a commercial transaction, it does not have financial implications for the government.
“The government will continue to monitor this development and ensure decisions reached later must be in accordance with laws and regulations,” said the ministry in a written reply on the Parliament website today to a query from Wan Ahmad Fayhsal Wan Ahmad Kamal (PN-Machang) about details of the sale of MAHB shares to foreign companies, including the financial implications, as well as the prerequisite voluntary offer by the Gateway Development Alliance and the shareholders involved.
MAHB’s takeover offer is a commercial transaction submitted by a consortium led by two of MAHB’s current shareholders: Khazanah Nasional Bhd and the Employees Provident Fund (EPF).
If the offer is accepted and agreed upon by the other MAHB shareholders, Khazanah will own 40 per cent of MAHB shares and the EPF will acquire 30 per cent, while the Abu Dhabi Investment Authority and Global Infrastructure Partners will hold the remaining 30 per cent.
— Bernama
