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Malaysia Airports Holdings Bhd announces acquisitions in Sabiha Gokcen Uluslararasi Havaalani and LGM Havalimani Isletmeleri Ticaret ve Turizm


Monday, 23 Dec 2013 07:00pm EST 

Malaysia Airports Holdings Bhd:Says it agreed to acquire a 40 pct stake, or 159,178 mln shares, in Sabiha Gokcen Uluslararasi Havaalani, an Istanbul-based owner and operator of airport.Says the acquisition is from GMR Infrastructure Ltd (27.55 pct) and GMR Infrastructure (Overseas) Ltd (12.45 pct), units of GMR Holdings Pvt Ltd, in a privately negotiated transaction.Says, concurrently, Malaysia Airports Holdings agreed to raise its interest to 60 pct from 20 pct by acquiring a 40 pct stake, or 0.2 mln shares, in LGM Havalimani Isletmeleri Ticaret ve Turizm, from GMR Infrastructure (Overseas)(35 pct) and GMR Infrastructure (Global)(5 pct).