Upon closing of this transaction after having obtained the necessary approvals, TAV and Malaysia Airports Holdings (MAH) will become partners and will have equal rights in the management of Sabiha Gökçen Airport.
TAV interested buying 40% shares of the previous concorcium member Indian GMR Group last year. But later GMR sold shares to MAH.
TAV Airports CEO & President Sani Şener stated “Becoming a partner at Sabiha Gökçen Airport is a bold strategic move for TAV, as Atatürk Airport is planned to be closed when the new airport will be put into service in Istanbul. It is the responsibility of TAV senior management to anticipate the termination of our Atatürk Airport operation by finding the opportunity to extend our footprint in Istanbul and to benefit fully from Istanbul’s traffic growth potential until at least 2030”
Limak, GMR and MAH took the control of Sabiha Gökçen Airport in 2008 and opened 25 million passenger capacity terminal in late 2009. The airport reached 18,5 million passenger last year.