The stock is currently trading at a discount to the broader market
Malaysia's sovereign wealth fund said its consortium partner, Global Infrastructure Partners (GIP), will not hire staff to directly manage Malaysia Airport Holdings Bhd after a deal is completed to take the country's airport operator private, state news agency Bernama reported. Khazanah Nasional Bhd Managing Director Amirul Feisal Wan Zahir also said there would be no layoffs of MAHB's current employees following completion of the deal. "GIP won't be directly appointing staff or secondees to manage MAHB," he was quoted as saying in an interview with Bernama on Sunday.
(Reuters) -Anglo American was encouraged by key shareholders including BlackRock to continue engaging in talks with BHP Group over its proposed 38.6 billion pound ($49.18 billion) mining merger, a person familiar with the matter told Reuters on Saturday. BHP, the world's biggest listed mining group, now has until May 29 to make a firm bid for Anglo American or it will be forced to walk away for at least six months under the UK's takeover rules after it was granted a one-week extension on Wednesday. BlackRock was among a handful of investors that encouraged meaningful negotiations with BHP, said the Financial Times, which reported the news first.