AS the year 2011 comes near its end, the stock market will have to bid farewell to PLUS Expressways Bhd (PEB), the largest toll operator in South-East Asia which will be delisted from Bursa Malaysia next month.
The corporate exercise will soon be completed, as UEM Group Bhd and the Employees Provident Fund (EPF) the joint offerors for the assets and liabilities of PEB have confirmed over the week that they have crossed the final hurdle of their proposed acquisition of PEB. And that is, reaching a consensus with the Government on the revised terms of supplementary toll concession agreements for five expressways operated by PEB and Penang Bridge Sdn Bhd. (The proposed acquisition also includes an agreement to take over the assets and liabilities of Penang Bridge.)
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