MAHB rises to record

KUALA LUMPUR: Shares in Malaysia Airports Holdings Bhd (MAHB) are heading for a record close on reports that Turkish Airlines is bidding to acquire a stake in Istanbul Sabiha Gokcen International Airport from MAHB.

The stock was 33 sen, or 3.5% at RM9.91 at 4.10pm. More than three million shares were traded.

Earlier today, Bloomberg reported that Turk Hava Yollari AO, as Turkish Airlines is formally known, has offered to buy 80% of ISG for 750 million euros.

MAHB operates 39 airports in Malaysia, and one in Turkey.

Stock on the Move , MAHB