KUALA LUMPUR : Global Infrastructure Partners (GIP) said its buyer BlackRock will not be involved in privatising Malaysia Airports after criticism in Muslim-majority Malaysia over the U.S. firm's alleged ties to Israel.
FILE PHOTO: Travellers push their trolley past a logo of Malaysia Airports at the departure hall of Kuala Lumpur International Airport in Sepang, outside Kuala Lumpur August 26, 2013. REUTERS/Bazuki Muhammad/File PhotoKUALA LUMPUR : Global Infrastructure Partners said its buyer BlackRock will not be involved in privatising Malaysia Airports after criticism in Muslim-majority Malaysia over the U.S. firm's alleged ties to Israel.
The plan has come under criticism and protests from some ruling party and opposition lawmakers in Malaysia, a staunch supporter of the Palestinians, over GIP's ties to BlackRock's significant investments in Israel, which is fighting a war against the militant Palestinian Hamas group in Gaza. GIP said its existing leadership team will"retain full control and responsibility for the strategic direction and operation of GIP and the companies in which we have invested" after its acquisition by BlackRock, state news agency Bernama reported on Friday, citing a written reply from GIP head of transport Phil Iley.
Iley said the firm would provide MAHB with as much operational support and assistance as needed despite being a minority shareholder.
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