Malaysia Airports Holdings Bhd (MAHB) has announced that it will exercise its right of first refusal to acquire a 40% stake each in two Turkish companies worth more than RM1 billion.
MAHB said it will acquire ISG from GMR Infrastructure Ltd and GMR Infrastructure Overseas Ltd (GMRO) for RM705.73 million.
It will also acquire LGM from GMRO and GMR Infrastructure (Global) Ltd for RM302.454 million.
ISG’s core business is managing the operations of Sabiha Airport.
LGM’s operations include establishing and operating hotels as well as establishing,