The takeover offer for Malaysia Airports Holdings Bhd (MAHB) is anticipated to be finalized in the third quarter of this year. Approval from at least 90 percent of MAHB's existing shareholders is required, according to the Ministry of Finance (MoF).
The MoF clarified that this offer is a commercial transaction without financial implications for the government.
"The government will continue to monitor this development and ensure that whatever decisions are reached later must be made in accordance with the laws and regulations currently in force," stated the ministry.
This response was in reply to Wan Ahmad Fayhsal Wan Ahmad Kamal (PN-Machang), who inquired about the sale of MAHB shares to foreign companies, including financial implications and the voluntary offer by the Gateway Development Alliance (GDA) and the shareholders involved.
The takeover offer for MAHB is a commercial transaction submitted by a consortium led by Khazanah Nasional Bhd and the Employees Provident Fund (EPF), both current shareholders of MAHB.
If accepted by the other shareholders, Khazanah will own 40 percent of MAHB shares, the EPF will acquire 30 percent ownership, and the remaining 30 percent will be held by the Abu Dhabi Investment Authority (ADIA) and Global Infrastructure Partners (GIP).