Array
(
    [_edit_lock] => Array
        (
            [0] => 1720576752:39
        )

    [tdc_dirty_content] => Array
        (
            [0] => 1
        )

    [tdc_icon_fonts] => Array
        (
            [0] => a:0:{}
        )

    [post_views_count] => Array
        (
            [0] => 230
        )

    [_thumbnail_id] => Array
        (
            [0] => 214895
        )

    [_edit_last] => Array
        (
            [0] => 39
        )

    [onesignal_meta_box_present] => Array
        (
            [0] => 1
        )

    [onesignal_send_notification] => Array
        (
            [0] => 
        )

    [onesignal_modify_title_and_content] => Array
        (
            [0] => 
        )

    [onesignal_notification_custom_heading] => Array
        (
            [0] => 
        )

    [onesignal_notification_custom_content] => Array
        (
            [0] => 
        )

    [_post_language] => Array
        (
            [0] => English
        )

    [_molongui_author] => Array
        (
            [0] => guest-97702
        )

    [_molongui_main_author] => Array
        (
            [0] => guest-97702
        )

    [td_post_theme_settings] => Array
        (
            [0] => a:1:{s:11:"td_subtitle";s:238:"Ministry adds that Khazanah-EPF led consortium members say that even though GIP will be taken over by BlackRock later, GIP’s management will retain full control, responsibility on strategic directions of GIP and its investee companies
";}
        )

    [_yoast_wpseo_primary_category] => Array
        (
            [0] => 599
        )

    [_yoast_wpseo_content_score] => Array
        (
            [0] => 60
        )

    [_yoast_wpseo_estimated-reading-time-minutes] => Array
        (
            [0] => 2
        )

    [_yoast_wpseo_wordproof_timestamp] => Array
        (
            [0] => 
        )

    [post_views_count_7_day_arr] => Array
        (
            [0] => a:7:{i:0;a:3:{s:4:"date";s:10:"1749478399";s:5:"count";i:1;s:14:"per_hour_count";a:2:{i:16;i:2;i:14;i:1;}}i:1;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:2;a:3:{s:4:"date";s:10:"1749662227";s:5:"count";i:1;s:14:"per_hour_count";a:1:{i:17;i:1;}}i:3;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:4;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:5;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:6;a:2:{s:4:"date";i:0;s:5:"count";i:0;}}
        )

    [post_view_7days_last_day] => Array
        (
            [0] => 2
        )

    [post_views_count_7_day_last_date] => Array
        (
            [0] => 1749662227
        )

    [post_views_count_7_day_total] => Array
        (
            [0] => 2
        )

    [post_views_last_24_hours] => Array
        (
            [0] => 1
        )

    [post_views_last_48_hours] => Array
        (
            [0] => 1
        )

)
MoF stresses BlackRock not involved in discussions over MAHB’s 30% minority stake | Scoop
The Finance Ministry said that the transaction of selling MAHB’s stake to GIP completely did not involve BlackRock. – Scoop file pic, July 10, 2024
News

MoF stresses BlackRock not involved in discussions over MAHB’s 30% minority stake

Ministry adds that Khazanah-EPF led consortium members say that even though GIP will be taken over by BlackRock later, GIP’s management will retain full control, responsibility on strategic directions of GIP and its investee companies

Bernama
Updated
9:59 AM MYT

 

KUALA LUMPUR – The Finance Ministry (MoF) has stressed that asset management firm BlackRock Inc was not involved in discussions carried out by members of the consortium led by Khazanah Nasional and Employees Provident Fund (EPF) with regard to the 30% minority stake in Malaysia Airports Holding Bhd (MAHB).

The ministry said the government was also informed by the consortium members that although Global Infrastructure Partners (GIP) will be taken over by BlackRock later, GIP’s management will retain full control and responsibility on the strategic directions of GIP and its investee companies.

“This means GIP will continue to operate separately from BlackRock. The Abu Dhabi Investment Authority (Adia) and GIP will also hold a 30% minority interest in MAHB. Thus, all important decisions on MAHB will only be implemented with the agreement of consortium members,” it said in a written reply posted on the Parliament website on Tuesday.

Hence, the transaction completely did not involve BlackRock, MoF said in reply to a query from Datuk Azman Nasrudin (PN-Padang Serai) who sought to know the rationale for selling the stake in MAHB given that BlackRock is GIP’s future owner.

MoF explained that the consortium is of the view that the privatisation of MAHB is the best move forward as it would allow any decision and long-term investments to be expedited.

The consortium’s main areas of focus, it added, include completing high-priority capital projects, enhancing passenger experience at all airports, working closely with airline companies, accelerating capital investments, and developing secondary businesses around the airports.

In a written reply to Bernama recently, GIP also asserted that BlackRock was never involved in any transaction related to the restructuring of the MAHB shareholding via the Gateway Development Alliance consortium. – July 10, 2024

Topics

 

◉ Popular

A man with fire in his belly: Jagdeep remembers his father Karpal’s strength in the face of disability

Despite paralysis from a tragic accident, the DAP stalwart remained a fearless fighter—his legacy now upheld by his son

Daim’s lawyers slam police for ‘failing’ to probe PM over Bloomberg’s power abuse claims

Counsel for former finance minister question why news agency and reporters are being probed instead

Pendirian AGC konsisten, RUU GEG tidak berperlembagaan

Jabatan Peguam Negara secara konsisten berpandangan bahawa Rang Undang-Undang Kawalan Produk Merokok Demi Kesihatan Awam 2023 atau RUU Generasi Penamat (GEG) adalah tidak berperlembagaan (unconstitutional).

◉ Related

Copyright © 2023. All rights reserved.