MAHB plans to buy GMR's 40% stake in Turkish Airport.

Malaysia Airports Holdings Berhad plans to buy the entire 40 per cent stake of Indian firm GMR Infrastructure Ltd in Istanbul's Sabiha Gokcen International Airport project for 225 million euro (over Rs. 1,900 crore).

GMR Infrastructure holds 27.55 per cent stake in Sabiha Gokcen airport, and its overseas firm GMR Infrastructure Overseas Ltd holds another 12.45 per cent.

The Malaysian company said in a regulatory filing: 'As permitted under the ISG Shareholders Agreement and the LGM Shareholders Agreement, MAHB exercised its RoFR through an indirectly wholly-owned subsidiary of MAHB called Malaysia Airports MSC Sdn Bhd ('MAMSC').'

ET