Malaysia Airports May Be Privatised Before GIP Stake Sale: Edge

Malaysia Airports Bhd. could be privatized by its major shareholders before a stake sale to private equity firm <-bsp-bb-link state=”{“bbHref”:”bbg://securities/1013340Z%20US%20Equity”,”_id”:”0000018e-b147-d32b-a5ff-bb77f5420001″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Global Infrastructure Partners-bsp-bb-link>, according to a report in The Edge that cited unidentified sources.

Sovereign wealth fund <-rte-company state=”{“_id”:”0000018e-b147-d32b-a5ff-bb77f5440000″,”_type”:”00000160-4b23-d8bd-adfd-4b3348fd0000″}”>Khazanah Nasional Bhd.-rte-company> and its largest pension fund, <-bsp-bb-link state=”{“bbHref”:”bbg://securities/1564749D%20MK%20Equity”,”_id”:”0000018e-b147-d32b-a5ff-bb77f5440001″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Employees Provident Fund-bsp-bb-link>, will play a “key role” in the privatization exercise before a 30% stake is sold to GIP, the publication quoted the sources as saying.

Passengers at the Kuala Lumpur International Airport (KLIA) in Malaysia.

Photographer: Richard Humphries/Bloomberg

GIP could play a part in running the company after it buys the stake, according to the report.

Read: <-bsp-bb-link state=”{“bbDocId”:”S9C68YT0AFB4″,”_id”:”0000018e-b147-d32b-a5ff-bb77f5830000″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Khazanah, EPF to Run Malaysia Airports With PE …

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