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Malaysia Airports ownership change clears pre-conditions hurdle
November 26th 2024
Malaysia Airports Holdings Berhad said a takeover bid from a group represented by AmInvestment Bank has satisfied all pre-conditions. Read More » Announced in May this year, the deal involves acquisition of the remaining 67.1% of issued shares not already held by the joint offerers AmInvestment Bank represents. The offerers, Gateway Development Alliance, Pantai Panorama, Kwasa Aktif and Gip Aurea, said in a notice to Malaysia Airports it is their "firm intention to make the offer" now pre-conditions have been satisfied. Malaysia Airports appointed Hong Leong Investment Bank (HILB) as its independent adviser in July. An independent advice circular from HLIB containing its recommendations in relation to the offer will be sent to shareholders within 10 days, an airport group statement said.
