news

MAHB's success in managing airports may boost its bid to buy Stansted Airport

KUALA LUMPUR, Nov 26 (Bernama) -- Malaysia Airports Holdings Bhd's success in managing airports may just boost its chances of winning the bid to buy UK's Stansted Aiport although valuations for the aiport are on the high side.

OSK Research Sdn Bhd said the UK media has reported that the MAHB was the latest suitor to join the bid to buy Stansted Airport for an estimated one billion pounds (RM4.9 billion).

Other bidders are Manchester Airport Group (MAG), which is backed by AUstralia's Industry Funds Management, and financial investors TPG, Macquarie and HRL Morrison, it said in a research noted today.

Stansted Airport is being forced sold by airport group shareholder BAA after losing a three-year battle with UK competition regulators, barrig ownership of two airports, as BAA also owns Heathrow Airport.

Should MAHB wins the bid, OSK said, the group might have to raise debt since its current cash pile was not sufficient to finance the one billion pounds acquistion. -- Bernama

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE