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Sovereign Wealth Funds Briefing - Categorized | Market

Khazanah: Share deal between MAS-AirAsia officially off

Posted on 03 May 2012

It’s official now. Khazanah Nasional Bhd announced late yesterday evening that the share swap deal between Malaysia Airlines (MAS) and AirAsia Bhd has been called off. “After eight months, our assessment is that, the cross-holding of shares has become a distraction to management’s efforts to turn around MAS.
“The cross-holding of shares was well-intended to simply better align the economic interests on the part of the major shareholders of MAS (Khazanah) and AirAsia (Tune Air),” the government’s investment arm said in a statement………………………………………..Full Article: Source


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