Mahb Sale Up To Khazanah Says Loke

---

 
Khazanah is the largest shareholder in Malaysia Airports Holdings Bhd, with a 32.67% stake, while EPF has a 7.06% equity interest in the airport operator. (KLIA Terminal 2 pic)KUALA LUMPUR: Any decision about forming a consortium with American private equity firm Global Infrastructure Partners (GIP) to own and run airport operator Malaysia Airports Holdings Bhd (MAHB) will be made by Khazanah Nasional Bhd, says transport minister Loke Siew Fook.
Khazanah is the largest shareholder of MAHB with a 32.67% stake, while EPF has a 7.06% equity interest in the airport operator.
The Edge recently reported that Khazanah, EPF and New York-headquartered GIP were understood to be forming a consortium to own and operate MAHB, which currently manages 39 airports across Malaysia as well as one international airport in Turkey.
Stating that his ministry was not involved in details about MAHB’s ownership, Loke said decisions about MAHB’s strategic collaborations were within Khazanah’s purview.
“MAHB is the airport operator. The ministry is the regulator. We cannot intervene in terms of MAHB’s equity, which is up to Khazanah,” he said.
“Who (Khazanah) wants to form strategic partnerships with is up to them. So far, there is no confirmation that Khazanah has entered into an agreement with any party.
“Should such agreements materialise, they will be promptly announced.”
Loke was responding to Wan Ahmad Fayhsal Wan Ahmad Kamal (PN-Machang), who inquired if the transport ministry supported this transaction.
GIP, founded in 2006, manages US$100 billion in assets on behalf of its global investor base in the infrastructure, energy, transport and digital sectors.
The Edge reported that should the deal proceed as planned, an agreement could be signed within two to three weeks. - FMT

---