Tuesday, January 15, 2013

Malaysian corporations bidding for UK Stansted Airport

Malaysia may be a small nation but Malaysian corporations have acquired huge assets in other countries. Following last year's acquisition by the SP Setia-Sime Darby-Employees Provident Fund consortium of the Battersea Power Station project, yet another bid has been made to acquire another iconic UK asset, the Stansted Airport, the third busiest in London and fourth busiest in Britain.

YTL Corp Bhd and Malaysia Airports Holdings Bhd (MAHB) are putting together a firm bid for London's Stansted Airport in an 80:20 equity structure, sources told StarBiz, confirming earlier reports.

The low-cost carrier terminal is being offered for sale by UK airports operator Heathrow Airport Holdings Ltd, formerly BAA, to satisfy competition concerns after a four-year battle with regulators. The reported figure is £1bil (RM5bil).

More: The Star.. YTL, MAHB in combined offer for RM5b UK airport

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