| From Reuters: Malaysia's PLUS Expressways received a 26 billion ringgit ($8.3 billion) offer from local firm Jelas Ulung Sdn Bhd, making it potentially the country's second-largest M&A deal. UEM Group, together with its parent -- sovereign wealth fund Khazanah Nasional Bhd -- holds 55.4 percent of the firm.
Unlisted Jelas Ulung's offer tops a 23 billion ringgit approach by Malaysia's UEM Group and Employees Provident Fund and could spark a takeover battle for the country's largest highways operator..............................................Full Article: Source
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