The financial adviser on Friday ( Dec. 20 ) determined that a consortium of the country’s sovereign wealth fund and BlackRock’s Global Infrastructure Partners ‘ takeover bid for Malaysia Airports Holdings was financially viable for shareholders.
“HLIB is of the view that the offer is’ not fair’ but ‘ reasonable ‘”, according to deal adviser Hong Leong Investment Bank ( HLIB ).
According to collaboration members, who include the Employees Provident Fund of Malaysia and the Abu Dhabi Investment Authority, the consortium’s$ 4.08 billion present in May sought to enhance network and enhance communication and services.
Some Malaysia Airports managers who were not interested in the offer on Friday expressed concerns about the pricing and prospects for growth and suggested turning down the offer.
HLIB argued in its advice on Friday that the present undervalued the business but that it provided opportunity for shareholders to leave their investments in the lack of an alternative offer.