BlackRock will not take part in Malaysia Airports privatisation, GIP says


KUALA LUMPUR: Global Infrastructure Partners (GIP) said its buyer BlackRock will not be involved in privatising Malaysia Airports after criticism in Muslim-majority Malaysia over the U.S. firm's alleged ties to Israel.

GIP, Malaysian sovereign wealth fund Khazanah Nasional and others are part of a consortium that has offered to take over Malaysia Airport (MAHB) in a privatisation deal that would value the airport operator at $3.9 billion.

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