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.