Malaysia’s sovereign wealth fund and public pension provider are considering taking Malaysia Airports Holdings Bhd . private, according to people familiar with the matter, as trading in the airport operator was suspended Wednesday.
Khazanah Nasional Bhd. 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% of Malaysia Airports and EPF holds close to 8%, 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% this year, giving the company a market value of RM17.4bil.
Founded in 1991, the company manages 39 airports across the Southeast Asian nation as well as one international airport in Turkey, according to its website. – Bloomberg