Disposal by Malaysia Airports Holdings Berhad of its entire 10% equity interest in Delhi Internation
25-May-2015 Disposal by Malaysia Airports Holdings Berhad of its entire 10% equity interest in Delhi International Airport Private Limited ("DIAL") ("disposal")
We refer to the announcement dated 24 March 2015 in relation to the Disposal ("Announcement"). All abbreviations used herein shall have the same meanings as those used in the Announcement unless stated otherwise.
On behalf of the Board of Directors ("Board") of Malaysia Airports Holdings Berhad ("MAHB"), CIMB Investment Bank Berhad ("CIMB") wishes to announce that MAHB and GMR Airports Limited have mutually agreed to revise the Sale Consideration from USD79.0 million to USD80.0 million given that the initial Sale Consideration was based on the assumption that the completion of the sale and purchase of the Sale Shares takes place on or before 30 April 2015. All the other terms and conditions of the share sale agreement in relation to the Disposal remains the same.
On behalf of the Board of MAHB, CIMB also wishes to announce that MAHB has completed the Disposal today.