MAHB Group acquired the 11% stake in GHIAL from GMR Group in 2009 for USD10 million. Since the acquisition, the MAHB Group has maintained a passive minority interest in the venture. This divestment is part of the MAHB Group’s efforts to streamline its overseas investment portfolio and unlock value from its non-core assets, in line with the Group’s international business growth strategy.
The proceeds from the disposal will be redirected towards general corporate purposes and capital expenditures (CAPEX) in assets where the MAHB Group holds a more direct and controlling stake. This strategic reinvestment approach is a key element of the Group’s growth strategy, allowing it to optimise its investment portfolio and strengthen its control over core assets, ultimately leading to greater long-term value for stakeholders.
