CEO: TAV ‘def­i­nitely keen’ on ISG stake

New Straits Times - - Business -

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

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