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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


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