KL Airport to go public

KL Airport to go public

KUALA LUMPUR (Reuters): Malaysia Airports Holdings Bhd will launch the sale of up to 49 percent of its shares to the public next week in the stock market's biggest offering in the last three years, officials and analysts said on Monday.

Shares of the manager and operator of all airports in Malaysia are expected to be listed before the end of the year, company officials told reporters.

Malaysia Airports on Monday signed a 50-year concession deal with the government for its unit, Malaysia Airports (Sepang) Sdn Bhd, to manage, operate and develop the 10 billion ringgit ($2.63 billion) Kuala Lumpur International Airport (KLIA).

KLIA, located about 70 km (43 miles) south of the capital, was opened in July last year.

"Actually it is to be listed sometime this year," said Malaysia Airports executive chairman Basir Ismail when asked when the company planned to float its shares.