Weil is representing Global Infrastructure Partners (GIP), as part of a consortium together with Khazanah Nasional Berhad and Employees’ Provident Fund of Malaysia, on a pre-conditional voluntary cash takeover offer for Malaysia Airports Holdings Berhad. The transaction values the equity of MAHB, which is listed on Bursa Malaysia, at c. US$3.9 billion.

MAHB operates 39 airports across Malaysia, including Kuala Lumpur International Airport, and Istanbul Sabiha Gökçen International Airport in Turkey. In 2023, more than 100 million passengers and over 70 airlines used MAHB’s airports.

With approximately US$112 billion of assets under management, GIP is a leading infrastructure investor that specialises in investing in, owning and operating some of the largest and most complex assets across the energy, transport, digital infrastructure and water and waste management sectors. In aviation, GIP is also a major investor in Gatwick Airport, Sydney Airport, Edinburgh Airport and Signature Aviation.

The transaction follows Weil’s recent representation of GIP in connection with its sale of a c. 50% interest in Italo, Italy’s leading high speed train operating company, to Mediterranean Shipping Company, and a majority interest in Edinburgh Airport to VINCI Airports.

The Weil team was led by Murray Cox and Brendan Moylan, supported by David McKendrick, Mark Spiller, Alex Long and Melanie Yu.