DRB-Hicom to sell 49.9% in Proton to Geely Holding

By INTAN FARHANA ZAINUL

PUTRAJAYA: DRB-Hicom Bhd is selling a 49.9% stake in loss-making Proton Holdings Bhd to China-based Zhejiang Geely Holding Group Co., Ltd (Geely Holding).

As part of the deal, Geely would also buy the entire stake in Lotus, British sports carmaker from Proton.

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