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

Khazanah to sell stake in car maker Proton to DRB-Hicom for $411.9 mln

Posted on 17 January 2012

Malaysian sovereign wealth fund Khazanah Nasional Bhd is selling its 42.7-per cent stake in domestic car maker Proton Holdings Bhd to conglomerate DRB-Hicom for $411.9 million.
In a statement today, Khazanah said the decision was made following due deliberation and detailed evaluation of various proposals in order to bring the national auto maker to the next level of strategic growth in line with the industrial development of the national automotive sector………………………………………..Full Article: Source


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