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TAVHL - TAV Havalimanlari Holding AS News Story

TRY15.03 0.0  0.0%

Last Trade - 22/09/20

Sector
Industrials
Size
Mid Cap
Market Cap £555.5m
Enterprise Value £1.10bn
Revenue £506.7m
Position in Universe 51st / 632

Malaysia Airport Holdings plans to acquire stake in Istanbul Sabiha Gokcen airport

Thu 23rd October, 2014 1:15pm
KUALA LUMPUR, Oct 23 (Reuters) - Malaysia Airport Holdings 
Bhd  MAHB.KL  plans to acquire the remaining 40 percent stake in 
Istanbul Sabiha Gokcen airport and the firm that operates 
services within the airport, MAHB said in a statement on 
Thursday. 
    MAHB, a Malaysian airport operator, is exercising its right 
of refusal to reject Turkey's TAV Holdings offer of 1.18 billion 
ringgit (285 million Euros) and is proposing to buyout the 
remaining stake instead for the same amount. 
    Istanbul Sabiha Gokcen airport is Turkey's second largest 
airport. TAV Holdings owns the majority stake in Turkey's 
largest airport, Ataturk International Airport. 
     
     
 
 (Reporting By Trinna Leong, editing by William Hardy) 
 ((trinna.leong@thomsonreuters.com; +60323338034;)) 
 
Keywords: MALAYSIA/AIRPORT
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