KUALA LUMPUR: Malaysia Airport Holdings Bhd (MAHB) has proposed to acquire 40% stakes each in Turkey’s Istanbul Sabiha Gokcen Uluslararasi Havalimani Yatirim Yapim Ve Isletme A.S (ISG) and LGM Havalimani Isletmeleri Ticaret Ve Turizm A.S (LGM) for 225 million euros cash (RM1bil).
MAHB told Bursa Malaysia that it would buy 27.55% stake in ISG from GMR Infrastructure Ltd and 12.45% from GMR Infrastructure Overseas Ltd (GMRO) for 157.5 million euros. The stake in LGM would be acquired from GMRO (35%) and GMR Infrastructure (Global) Ltd (5%) for 67.5 million euros.