GMR Infrastructure says Istanbul airport stake sale not concluded.

GMR Infrastructure Ltd. said a deal to sell its 40 per cent stake in Istanbul's Sabiha Gokcen airport was in progress and not concluded yet, after a local newspaper reported it had sold the stake for 220 million euro ($302.58 million).

Malaysia Airports Holdings and TAV Havalimanlari are in separate talks with GMR to buy its 40 per cent in Sabiha Gokcen airport, one of Istanbul's two airports, sources told Reuters last week.

ET