(Reuters) – A takeover offer for Malaysia Airports by a consortium comprising the country’s sovereign wealth fund and BlackRock has been extended again to Jan. 24, a stock exchange filing on Wednesday showed.
Earlier this month, the offer was extended to Jan. 17.
The offerors have now secured an additional 44.92% stake as of Jan. 15, the filing showed, bringing their total control to 85.77%, after they had already amassed a 40.85% stake as of early Dec. 2024.
In May 2024, the consortium including Malaysia’s sovereign wealth fund Khazanah and BlackRock’s Global Infrastructure Partners offered to acquire all remaining shares at 11 ringgit per share, giving the airports operator an equity value of 18.4 billion ringgit ($4.09 billion).
If the acceptance condition of the offer is met, the offerors do not intend to maintain the listing of the offeree on the stock exchange, the filing showed.
($1 = 4.4970 ringgit)
(Reporting by Sherin Sunny in Bengaluru; Editing by Vijay Kishore)
