India’s infrastructure investment group GMR has agreed to divest its 40% equity stake in Istanbul’s Sabiha Gökçen International Airport (ISG) to Malaysian Airports Holding Berhad (MAHB). The transaction, subject to government approval, is worth €225 million ($310 million). Under an existing shareholders agreement, MAHB had exercised the right of first refusal on acquiring GMR’s stake in ISG. The Turkish airport has been managed and operated by a consortium ...

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