Matter Of Time Before Mahb Is Privatised Says Khazanah Md

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Khazanah Nasional Bhd managing director Amirul Feisal Wan Zahir said he does not see a ‘big issue’ with the delays in the privatisation of Malaysia Airports Holdings Bhd.
PETALING JAYA: Khazanah Nasional Bhd managing director Amirul Feisal Wan Zahir says it is only a “matter of time” before the privatisation of Malaysia Airports Holdings Bhd (MAHB) is completed.
In an interview with Bloomberg, Amirul said the deal, which values MAHB at RM18.4 billion and is scheduled to be concluded by Feb 4, remains attractive for shareholders.
Amirul Feisal Wan Zahir.“I don’t see a big issue (with the delays),” he said on the sidelines of the World Economic Forum in Davos today.
It was previously reported that Gateway Development Alliance had extended the deadline yet again for its takeover offer for all the shares of MAHB under its privatisation plan.
The closing time and date is now 5pm on Feb 4, marking the third extension of the deadline originally fixed for Jan 8, which was then extended to Jan 17 and subsequently to Jan 24.
MAHB also said it received a press statement from AmInvestment Bank, on behalf of the consortium, saying the acceptance condition had been revised to state that the joint offerors must secure a holding of at least 85% of the total issued MAHB shares.
Previously, the threshold was set at 90% of the total issued MAHB shares.
GDA said the 85% threshold was the level at which it expects MAHB to be removed from MSCI and other indices, thereby triggering acceptances from index funds for the shares they control that have yet to be tendered into the offer. - FMT

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