Thu, Oct 2, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Khazanah’s 42.74 pct stake in Proton to go to DRB-Hicom

Posted on 17 January 2012

Khazanah Nasional Bhd has announced that it will divest its 42.74 per cent stake in Proton Holdings Bhd (Proton) to DRB-Hicom Bhd (DRB-Hicom) via a conditional sale with a price consideration of RM5.50 per share or RM1.291 billion.
In a statement yesterday, Khazanah said the decision was made following due deliberation and detailed evaluation of various proposals to ensure that due process was observed, proper financial value was received and that the new shareholder would be able to bring the national auto maker to the next level of strategic growth in line with the aspirations of the industrial development of the national automotive sector………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14855 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031