KUALA LUMPUR, Jan. 20 -- Khazanah Nasional Bhd, alongside the Employees Provident Fund (EPF)-led consortium Gateway Development Alliance Sdn Bhd (GDA), appears to be on the verge of privatising Malaysia Airports Holdings Bhd (MAHB).
The breakthrough follows a revision of the consortium's takeover offer, lowering the acceptance threshold to 85 per cent from 90 per cent, according to a Bursa Malaysia filing.
As of January 17, the consortium had secured 86.51 per cent of MAHB's shares, bringing it close to the final stages of the acquisition.
In addition to the reduced acceptance threshold, the consortium has extended the deadline for MAHB shareholders to accept the offer once more.
The new closing date for the takeover offer is now set fo...