PETALING JAYA: In a move that has caught the market by surprise, Petroliam Nasional Bhd (Petronas) is offering RM5.30 per share to buy out minority shareholdings in MISC Bhd, with the intention of taking the latter private.
The buyout, if successful, will remove the close to RM20bil company in market capitalisation from Bursa Malaysia, making it one of the largest privatisation deals in recent times.
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