Khazanah to privatize trouble-hit Malaysia Airlines
Malaysia Airlines (MAS), the beleaguered national carrier that has tragically lost two planes in the space of four months, will be privatized and restructured by its largest shareholder, Khazanah Nasional in a deal worth MYR1.38 billion ($432 million).
Khazanah owns 69% stake of MAS and will pay MYR0.27 per share for the rest of the company, according to an MAS filing. This represents a 12.5% premium to the August 7 closing price and a 29.2% premium...
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