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Malaysia Airports eyes full control at Istanbul Sabiha Gökçen Airport

  • Published by Ozgur Tore

Malaysia Airports Holdings Bhd plans to buy an additional 40 per cent stake in Istanbul’s second-biggest airport to gain full control according to sources.

sabiha-gokcen3Sources said Malaysia Airports, which owns 60 per cent of Istanbul Sabiha Gökçen International Airport, plans to exercise its pre-emptive rights to buy the remainder from units of Turkish builder Limak Holding AS.

Sabiha Gokcen, located on the Asian side of Istanbul, is drawing investors with the fastest passenger growth in Europe. The decision by Malaysia Airports will put an end to plans by TAV Airports Holding, owner of Istanbul’s larger Ataturk airport, to buy the stake for as much as €285 million in a deal reached last month.

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Most Read in this category since 01.01.2016

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