PETALING JAYA: Petroliam Nasional Bhd (Petronas) made its maiden foray into the international power market with the signing of an agreement to acquire a 30% stake in GMR Energy Singapore Pte Ltd (GMRE).
The national oil company said its wholly-owned subsidiary Petronas International Corp Ltd signed the deal for the proposed acquisition with GMR Infrastructure (S) Pte Ltd and GMR Infrastructure Ltd – both are units of India’s GMR group – last Saturday.
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