Malaysia airports may be privatized before GIP stake sale: Edge
by Bloomberg Apr 07, 2024
Malaysia Airports Bhd. could be privatized by its major shareholders before a stake sale to private equity firm Global Infrastructure Partners, according to a report in The Edge that cited unidentified sources.
Sovereign wealth fund Khazanah Nasional Bhd. and its largest pension fund, Employees Provident Fund, will play a “key role” in the privatization exercise before a 30% stake is sold to GIP, the publication quoted the sources as saying.
GIP could play a part in running the company after it buys the stake, according to the report.
Read: Khazanah, EPF to Run Malaysia Airports With PE Firm GIP: Edge
Khazanah owns a 33.24% stake in MAHB, while EPF holds 7.04%. Malaysia’s other pension fund Kumpulan Wang Persaraan Diperbadankan has a 7.11% holding.
Bloomberg
© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).
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