Malaysia Airlines is to be taken private by Malaysia’s sovereign wealth fund

FT reporting:

• Malaysia Airlines is to be taken private by Malaysia’s sovereign wealth fund
• Khazanah, which is the biggest shareholder in the airline with 69 per cent, said on Friday it had submitted to Malaysia Airlines’ board a proposal to buy out minority shareholders in a “selective capital reduction and repayment exercise”
• Minority shareholders would receive Rm0.27 ($0.08) a share