KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has proposed a public offering of shares in Progress Energy Resources Corp if it gets the Canadian government's approval for its US$5.2bil takeover, Bloomberg reported.
The news wire said on Wednesday the public offering of shares could be done in five years as a concession to the Canadian government.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!