KUALA LUMPUR (May 15): The Employees Provident Fund (EPF) and Khazanah Nasional Bhd will form a consortium to take private Malaysia Airports Holdings Bhd (KL:AIRPORT), according to sources.

Consortium partners also include Abu Dhabi’s state investment arm as well as the New York-based investment fund Global Infrastructure Partners, sources told The Edge.

The offer price for the takeover is said to be in the range of RM10.50 to RM11.50 per share, a premium of up to 11% from its last traded price before the stock was suspended.

MAHB's share price has racked up 41% gain so far this year and has now exceeded analysts’ target prices. Prior to the suspension, the counter was last traded at a record high of RM10.40, valuing the company at some RM17.4 billion. 

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