Malaysians join £1bn race for Stansted deal Sources close to the auction indicated that MAG had emerged as the favoured bidder, but that Heathrow wanted to secure a strong rival trade bidder to bolster the eventual price. Malaysia Airports Holdings is 40.4pc-owned by Khazanah Nasional, Malaysia's state investment company. In addition to its own airports, it also owns a 20pc stake in Istanbul airport and a 10pc holding in Indira Gandhi International airport in New Delhi, as well as stakes in airports in Hyderabad and the Maldives. The Stansted sales process, the result of Heathrow losing a three-year fight with UK competition regulators, is being managed by Deutsche Bank and ING. A sale is expected in the first half of 2013. A spokesman for Heathrow declined to comment. A spokesman for Malaysia Airports Holdings did not return calls requesting a comment.