Summary
The Gateway Development Alliance, along with other entities, have proposed to privatize Malaysia Airports Holdings with an offer price of 11 ring per share. The closing time for the offer has been extended to 5:00 p.m. on January 24th, 2025, according to a filing on BSA Malaysia Today. Transport Minister Anthony Y. Look has expressed support for the privatization of MHB and for decision-making within the airports, marking a significant development in the aviation industry in Malaysia.
Dirty Dealings in Corporate Battles
The Gateway Development Alliance proposes to privatize Malaysia Airports Holdings with an extended closing date and time.
Extended Closing Date
The closing time extended to 5:00 p.m. on January 24th, 2025, with the offer price of 11 ring per share remaining unchanged.
Offer Details Unchanged
Details of the takeover offer, including the offer price per share, remain the same according to a filing on BSA Malaysia Today.
Offerers and Operators
The offerers include GDA, Abu Dhabi Investment Authority, and Blackrock inact Global Infrastructure as the airport operator.
Support for Privatization
Transport Minister Anthony Y. Look expresses support for the privatization of MHB and decision-making within the airports.
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