Reported 8 months ago
Global Infrastructure Partners (GIP) stated that BlackRock, its buyer, will not be involved in the privatization of Malaysia Airports amidst criticism in Malaysia due to alleged ties to Israel. GIP, together with Malaysian sovereign wealth fund Khazanah Nasional and others, proposed a $3.9 billion takeover of Malaysia Airports. The plan faced backlash over GIP's association with BlackRock's investments in Israel amidst the Gaza conflict. GIP confirmed that its leadership team will continue to manage the company post-acquisition by BlackRock and expressed willingness to support Malaysia Airports despite being a minority shareholder.
Source: YAHOO