Khazanah, EPF are weighing taking Malaysia Airports private, sources say

File pic — Bernama

Malaysia’s sovereign wealth fund and public pension provider are considering taking Malaysia Airports Holdings Bhd. private, according to people familiar with the matter, as trading in the airport operator was suspended Wednesday.

Khazanah Nasional Bhd. and the Employees Provident Fund are working with an adviser on a possible deal, the people said, asking not to be named as the process is private. Khazanah owns about 33% of Malaysia Airports and EPF holds close to 8%, data compiled by Bloomberg show.

Considerations are ongoing and there’s no certainty that a deal will be reached, the people said.

Representatives for Khazanah, EPF and Malaysia Airports didn’t immediately respond to requests for comment.

Malaysia Airports’ shares have risen 41% this year, giving the company a market value of RM17.4bil.

Founded in 1991, the company manages 39 airports across the Southeast Asian nation as well as one international airport in Turkey, according to its website. - Bloomberg