Who are the main shareholders in the Gateway Development Alliance consortium?

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The Gateway Development Alliance consortium is primarily composed of Malaysian government-linked investment firms Khazanah Nasional Bhd and the Employees Provident Fund (EPF), alongside significant international investors.

The Gateway Development Alliance (GDA) consortium is making a voluntary offer to acquire shares in Malaysia Airports Holdings Bhd (MAHB) at RM11.00 per share, a transaction valued at RM18.4 billion. This consortium is spearheaded by two prominent Malaysian Government Linked Investment Companies: Khazanah Nasional Bhd, operating through its wholly owned subsidiary UEM Group Bhd, and the Employees Provident Fund (EPF).
Khazanah Nasional Bhd and EPF Lead the Consortium

Khazanah Nasional Bhd, the Malaysian government's strategic investment fund, and the Employees Provident Fund (EPF), a major pension fund, are the leading entities within the GDA consortium. Their involvement underscores a strategic effort to influence the future development of MAHB. Upon the successful completion of the acquisition, Khazanah's stake in MAHB is set to increase to 40%, while the EPF's ownership will rise to 30%.
International Investors Also Hold Significant Stakes

In addition to the Malaysian anchor investors, the GDA consortium includes substantial international shareholders. A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and funds managed by Global Infrastructure Partners (GIP), a well-established global investor in infrastructure, are also part of the consortium. These international partners bring both capital and operational expertise to the venture.
Malaysian and International Investors Share Ownership

Following the completion of the offer, Malaysian investors, comprising Khazanah and EPF, will collectively own 70% of MAHB. The remaining 30% will be held by ADIA and GIP. This ownership structure ensures that Malaysian interests remain dominant while leveraging the global experience and financial backing of the international partners. The Malaysian government will retain special share rights, and key leadership positions will continue to be held by Malaysian citizens.

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Who are the main shareholders in the Gateway Development Alliance consortium?

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