What is the offer price for Malaysia Airports Holdings Bhd shares?

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The offer price for Malaysia Airports Holdings Bhd shares is RM11.00 per share.

The Gateway Development Alliance (GDA) and its shareholders have announced a pre-conditional voluntary offer to acquire all outstanding shares in Malaysia Airports Holdings Bhd (MAHB) at RM11.00 per share. This offer equates to a total transaction value of RM18.4 billion. The proposed offer price represents a 15.2 per cent premium over the three-month volume-weighted average price (VWAP) of RM9.55 per share.
Offer Price Details

The offer price of RM11.00 per share values MAHB's equity at RM18.4 billion. This valuation reflects a significant increase, implying a 49.5 per cent year-to-date gain based on the closing price of RM7.36 on December 29, 2023. For comparison, the benchmark FTSE Bursa Malaysia KLCI index saw a 10.4 per cent increase over the same period prior to the offer announcement.
Impact of Dividends

Should MAHB declare, make, or pay any dividend, distribution, or other return of value before the offer's completion, the offer price will be adjusted downwards accordingly. In such scenarios, MAHB shareholders will be entitled to retain any such declared, made, or paid dividend, distribution, or return of value.
Consortium and Ownership Structure

The consortium making the offer is led by Malaysian Government Linked Investment Companies, Khazanah Nasional Bhd through UEM Group Bhd, and the Employees Provident Fund (EPF). Additional shareholders include a subsidiary of the Abu Dhabi Investment Authority (ADIA) and funds managed by Global Infrastructure Partners (GIP). Upon completion, Khazanah's ownership will increase to 40 per cent from 33.2 per cent, and EPF's stake will rise to 30 per cent from 7.9 per cent, resulting in Malaysian investors collectively holding 70 per cent of MAHB.

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What is the offer price for Malaysia Airports Holdings Bhd shares?

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