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29-Jan-2025 1:47 AM

GDA consortium bid for Malaysia Airports becomes unconditional

Malaysia Airports (MAHB) announced (28-Jan-2025) the takeover bid by the Gateway Development Alliance (GDA) consortium is now unconditional and reached an acceptance level of 94.47%. MAHB said Bursa Securities will suspend the trading of MAHB securities from 20-Feb-2025. The consortium will procure MAHB and withdraw its listing status in accordance with listing requirements. As previously reported by CAPA, GDA, Pantai Panorama, Kwasa Aktif and GIP Aurea launched a conditional voluntary offer in Nov-2024 to acquire all remaining shares in MAHB for MYR11 per share. [more - original PR]

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