Ekovest to complete Duke stake disposal by first quarter 2017


A file pic of the DUKE Highway.

KUALA LUMPUR: Ekovest Bhd expects to complete the sale of 40% stake in concession highway Duta-Hulu Kelang Expressway (Duke) to the Employees Provident Fund (EPF) for RM1.13bil byt he first quarter of next year, says managing director Datuk Seri Lim Keng Cheng.

To that end, Ekovest on Tuesday signed a conditional agreement with the EPF for the sale of 40% stake in Duke phase 1 and 2.

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