Consortium led by Khazanah and EPF announces conditional takeover offer for MAHB

Observers say PM Anwar's meeting with Hamas leaders in Qatar amid US scrutiny of financial ties could provoke West to act against Malaysia

Upon full completion of the offer, Khazanah will be increasing its ownership in MAHB from 33.2 per cent to 40 per cent and EPF from 7.9 per cent to 30 per cent.Collectively, Malaysian investors would own 70 per cent of MAHB. ADIA and GIP will hold the remaining 30 per cent. The government of Malaysia will retain special share rights in MAHB and the chairman and CEO will continue to be Malaysian citizens.

If, on or after the date of this announcement and prior to completion of the offer, any dividend, distribution or other return of value is declared, made or paid by MAHB, the offer price shall be reduced accordingly. “We look forward to the success of this strategic partnership by delivering best-in-class airport experience for the flying passengers, partner airlines and MAHB employees. We expect this investment to bring positive benefits to EPF’s members and the public, thereby contributing significantly to Malaysia’s sustainable growth agenda.”

The Consortium believes that these objectives will be best achieved by MAHB as a private entity, taking a long-term approach to decision-making and capital investment and benefitting from international technical expertise.*Supporting MAHB to deliver high priority capital projects, including the Aerotrain and the Baggage Handling System at KLIA;

Led By Khazanah And EPF Announces Conditional Takeover Offer For MAHB

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Consortium led by Khazanah, EPF announces takeover offer for MAHB at RM18.4b, to be de-listed by 4QKUALA LUMPUR: Gateway Development Alliance and its shareholders have today announced a pre-conditional voluntary offer to acquire all the shares in Ma...
Source: theSundaily - 🏆 25. / 51 Read more »

Consortium led by Khazanah, EPF announces takeover offer for MAHB at RM18.4bil, to be de-listed by 4QSpending time online may boost your well-being, the results of a large international study revealed May 13.
Source: staronline - 🏆 4. / 75 Read more »

Consortium led by Khazanah, EPF announces takeover offer for MAHB at RM18.4b, to be de-listed by 4QKUALA LUMPUR, May 15 — Gateway Development Alliance and its shareholders have today announced a pre-conditional voluntary offer to acquire all the shares in Malaysia Airports...
Source: malaymail - 🏆 1. / 86 Read more »

EPF Account Fleksibel: Here's everything to know about EPF Account 3Savings in the new EPF Akaun Fleksibel (Account 3) can be withdrawn at any time. Learn more about EPF’s upcoming 3-account structure right here.
Source: Soya_Cincau - 🏆 16. / 55 Read more »

MAHB’s possible equity restructuring will ultimately benefit nation, says economistKUALA LUMPUR, May 15 — Malaysia Airports Holdings Bhd’s (MAHB) possible equity restructuring will ultimately benefit the nation, especially if it supports continued upgrading...
Source: malaymail - 🏆 1. / 86 Read more »

Trading in MAHB shares halted pending material announcementKUALA LUMPUR, May 15 — Bursa Malaysia Bhd has approved Malaysia Airports Holdings Bhd’s request for a trading suspension pending a material announcement. In a filing to Bursa...
Source: malaymail - 🏆 1. / 86 Read more »