Malaysia’s sovereign wealth fund and public pension provider are considering taking Malaysia Airports Holdings private, according to people familiar with the matter, as trading in the airport operator was suspended on Wednesday (May 15).
Khazanah Nasional 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 per cent of Malaysia Airports and EPF holds close to 8 per cent, 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 per cent this year, giving the company a market value of US$3.7 billion. BLOOMBERG
