Arab Today, arab today malaysia airports to buy stakes in turkish firms for 1bn
Last Updated : GMT 08:44:49
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Malaysia airports to buy stakes in Turkish firms for 1bn

Arab Today, arab today

Arab Today, arab today Malaysia airports to buy stakes in Turkish firms for 1bn

Kuala Lumpur - QNA

Malaysia Airports Holdings Bhd (MAHB) has announced that it will exercise its right of first refusal to acquire a 40% stake each in two Turkish companies worth more than RM1 billion. MAHB said it will acquire ISG from GMR Infrastructure Ltd and GMR Infrastructure Overseas Ltd (GMRO) for RM705.73 million. It will also acquire LGM from GMRO and GMR Infrastructure (Global) Ltd for RM302.454 million. ISG’s core business is managing the operations of Sabiha Airport. LGM’s operations include establishing and operating hotels as well as establishing,

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