Malaysia Airports Holdings Bhd (MAHB) has completed the transaction to acquire the remaining 40 per cent equity stake in the Istanbul Sabiha Gokcen International Airport (ISG).
It is now the first Asian company to own 100 per cent of a European airport.
"As announced on Bursa Malaysia, the proposed acquisition received the necessary approval from all relevant authorities of both countries and the share purchase agreement was signed on Dec 31, 2014," the group said in a statement today.
MAHB also received the approval of its shareholders on Dec 23, 2014 to finance its acquisition via a rights issue.
"MAHB's acquisition of ISG heralds an exciting phase not only for the group’s growth in particular, but also plays a role in increasing bilateral economic and trade relations between Malaysia and Turkey.
"It is expected to have a multiplier effect on the Malaysian economy through the export of local talent and cross-selling opportunities for other Malaysian product suites," it added.
According to MAHB, the acquisition also demonstrates the confidence of the Turkish government and public towards a Malaysian brand and is also testament to Malaysian skills and expertise in airport operations and management.
MAHB's involvement in ISG began in 2007 in the areas of airport planning and design, airport development and operational readiness and airport transfer (ORAT) which led to its successful opening in 2009.
Turkey is the sixth most visited country in the world with a fast-growing emerging market economy and Istanbul is one of the top ten fastest growing airport cities in the world.
MAHB manages and operates 39 airports in Malaysia.
Bernama
Mon Jan 05 2015
![MAHB is first Asian company to fully own a European airport MAHB is first Asian company to fully own a European airport](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2013-06/71371567961_295x200.jpg)
MAHB also received the approval of its shareholders on Dec 23, 2014 to finance its acquisition via a rights issue. - File pic
Kylian Mbappe tandatangan kontrak dengan Real Madrid
Bintang bola sepak Perancis Kylian Mbappe menandatangani kontrak selama lima tahun dengan kelab Sepanyol Real Madrid pada Selasa.
Pelepasan ketujuh air sisa nuklear Fukushima ke laut selesai
Jepun telah menyelesaikan pusingan ketujuh pelepasan air sisa radioaktif yang dirawat dari loji kuasa nuklear Fukushima Daiichi ke Lautan Pasifik pada Selasa.
Empat termasuk kapten maut dalam pertempuran
Empat anggota tentera India termasuk kapten meninggal dunia akibat kecederaan selepas pertempuuran pada malam isnin di Hutan Desa.
Pakistan sahkan 4 warganya terbunuh di Oman
Pakistan berkata pada Selasa empat warganya terbunuh dalam insiden tembakan pada malam Isnin berhampiran ibu negara Oman, Muscat.
Lima terbunuh, puluhan cedera dalam protes antikuota di Bangladesh
Sekurang-kurangnya empat orang terbunuh dan puluhan lagi cedera dalam pertempuran antara pelajar yang memprotes sistem kuota dalam pekerjaan sektor awam dan polis di pelbagai bahagian Bangladesh pada Selasa.
Kerajaan cadang perkenal pembiayaan swasta
Kerajaan menyasarkan untuk memperkenalkan pembiayaan swasta alternatif bagi memastikan kemampanan kewangan program sektor air, sekali gus mengurangkan kebergantungan pada perbelanjaan kerajaan dan mengukuhkan daya tahan.
Saya tak fitnah Guan Eng, cuma jelaskan siasatan SPRM - Muhyiddin
Presiden Bersatu Tan Sri Muhyiddin Yassin memberitahu Mahkamah Tinggi Kuala Lumpur hari ini bahawa beliau tidak memfitnah Lim Guan Eng berhubung isu pengecualian cukai terhadap Yayasan Albukhary
KPT alu-alukan dapatan, cadangan PAC - Zambry
Ini termasuklah cadangan pelaksanaan Garis Panduan Pelaburan dan Pembiayaan oleh Universiti Awam 2024 kepada anak-anak syarikat di bawah seliaan Kementerian Pendidikan Tinggi (KPT).
Lebih 340,000 syarikat buat transaksi serah simpan maklumat pemunyaan benefisial
Sebanyak 340,637 syarikat telah membuat transaksi serah simpan maklumat pemunyaan benefisial (beneficial ownership) bagi tempoh 1 April hingga 14 Julai lepas.
Polis tunggu laporan makmal tentukan punca kematian Nur Farah Kartini
Polis sedang menunggu laporan makmal bagi menentukan punca kematian berhubung kes pembunuhan bekas penuntut Universiti Pendidikan Sultan Idris, Nur Farah Kartini Abdullah.