MAHB rights issue to fund airport purchase
The Malaysian airport operator will launch a rights issue to fund its US$355 million purchase of the remaining 40 per cent of Istanbul Sabiha GÃ¶kÃ§en airport it does not own.
November 11, 2014
By Denice Cabel
Malaysia Airports Holdings Bhd (MAHB) said it will launch a rights issue to fund its EUR€285 million (approximately US$355 million) purchase of the remaining 40 per cent of Istanbul Sabiha Gökçen airport it does not own.
To finance the acquisition, the Malaysian airport operator will issue rights for 274.8 million new shares. It hopes to complete the exercise by the first quarter of next year.