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MAHB looking for investment opportunities abroad

July 13, 2018 6:16 AM
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KUALA LUMPUR: Having previously announced the exit from its investments in Delhi and Hyderabad airports in India, Malaysia Airports Holdings Bhd (MAHB) said it will evaluate any opportunities for overseas investments including India on a case-by-case basis to determine the viable investment strategies for value accretion.

MAHB's acting CEO Raja Azmi Raja Nazuddin told reporters today that potential business models for investments includes major equity investment or small scale stake holding and facility management services.

Earlier this year, MAHB announced that it will be divesting its 11% stake in GMR Hyderabad International Airport Ltd for RM295.3 million.

Meanwhile, last year, the group announced its plans of disposing of its 10% stake in Delhi International Airport Pte Ltd (DIAL) for RM292.6 million.

On another note, MAHB and the Malaysian Investment Development Authority(MIDA) today inked a memorandum of understanding (MoU) to explore potential areas of collaboration to promote and facilitate economic activities to drive investments into the country.

The initiative will include the KLIA Aeropolis and Subang Aerotech Park, the latter of which will be part of the Subang Airport Regeneration Initiative.

Source: thesundaily.my

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