Damned if you do, damned if you don’t

The offer extended by GDA seems to be more than fair but the market is not biting.

Much has been said by the media and various theories put together as to why Malaysia Airports Holdings Bhd (MAHB) is set to be privatised via a consortium comprising local institutional funds and supported by two giants in the business to take the country’s largest airport operator to the next level.

The purpose of this week’s column is to look at the two perspectives as to what is in store for them, that is, the current minority shareholders and post-privatisation structure, as well as the challenges ahead.