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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Khazanah said to place out 8.7pct stake in Malaysia Airports

Posted on 23 November 2012

Khazanah Nasional Bhd., Malaysia’s state investment company, sold another 8.7 percent stake in Malaysia Airports Holdings Bhd. (MAHB) through a placement, a person familiar with the share sale said.
A total 106 million shares changed hands at 5.50 ringgit today in off-market trades valued at about 583 million ringgit ($191 million), according to data from the Kuala Lumpur stock exchange, which didn’t name the buyers or seller. That’s at the bottom of its marketed range of 5.50 ringgit to 5.60 ringgit, according to a term sheet sent to fund managers. It’s also 1.8 percent below Malaysia Airports’ closing price………………………………………..Full Article: Source


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