Gateway Development Alliance and its shareholders have today announced a pre-conditional voluntary offer to acquire all the shares in Malaysia Airports Holdings Bhd (MAHB) not already owned by the consortium, at an offer price of RM11 per share.

The consortium is led by two GLICs - Khazanah Nasional Bhd via its wholly owned subsidiary UEM Group Bhd, and the Employees Provident Fund.

The consortium’s shareholders...