KUALA LUMPUR: Gamuda Bhd
has failed to get Pemodalan Nasional Bhd (PNB) to sell its 20% stake in highway operator Kesas Holdings Bhd.
“Despite best endeavors by Gamuda, the acceptance by PNB for the acquisition of up to 20% equity interest in Kesas has lapsed following the inability of PNB and Gamuda to execute a definitive agreement,” Gamuda said in a filing with Bursa Malaysia yesterday.
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