CEO: TAV ‘definitely keen’ on ISG stake

DUBAI: Turkey’s TAV Havalimanlari Holding AS will bid for Istanbul unit of Malaysia Airports Holdings Bhd (MAHB) if a stake in the operator of Turkey’s second-biggest airport is put up for sale.

TAV is “definitely interested” in looking at Istanbul Sabiha Gokcen Airport (ISG) should requests for proposals be made, chief executive officer Sani Sener, here, yesterday. MAHB plans to retain control of the company, sources said earlier this month.

TAV has a contract to operate Ataturk International Airport, the country’s biggest, until the end-2020, but is preparing for it to be closed by a larger hub. In 2014, TAV failed to get a stake in the Turkish airport when MAHB exercised its right of first refusal on the shares. Bloomberg