Malaysian tycoon weighs selling a stake in $2.7 bln port business | Reuters News Agency
Business & FinanceDeals

Malaysian tycoon weighs selling a stake in $2.7 bln port business

Reuters exclusively revealed that Malaysian tycoon Syed Mokhtar Al-Bukhary is seeking to bring an investor into MMC Port Holdings – a deal that could value the country’s biggest port operator at more than 12 billion ringgit ($2.7 billion). 

Market Impact

Sources said a sale could be a precursor to a potential MMC Ports listing on the Malaysian stock exchange in a few years.



Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & Finance
Regions: Asia
Countries: Malaysia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
A woman walks past a logo display of MMC Corp. Bhd. at its office in Kuala Lumpur May 17, 2006. Directors of the engineering firm MMC Corp. Bhd. backed a $2 billion bid for power producer Malakoff Bhd, sources said on Wednesday, offering shareholders a 5.1 percent premium in Malaysia's biggest takeover. REUTERS/Bazuki Muhammad
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