(Reuters) - Malaysia Airports said on Friday a takeover bid by the Gateway Development Alliance (GDA) consortium, led by sovereign wealth fund Khazanah Nasional, had now become unconditional.
The bidding consortium, which also includes BlackRock's Global Infrastructure Partners and Abu Dhabi Investment Authority (ADIA), have now secured total control of 92.82% in the airports operator.
The consortium, had in May 2024, offered to acquire all remaining shares at 11 ringgit per share, giving the airports operator an equity value of 18.4 billion ringgit ($4.21 billion). ($1 = 4.3750 ringgit)
(Reporting by Rishav Chatterjee in Bengaluru; Editing by Savio D'Souza)