UEM Edgenta attracts local and foreign suitors

Divestment plan: A file picture showing Mitsui’s logo in Tokyo. Khazanah’s sale of a 16 stake to Mistui for RM8.42bil is expected to be completed by the first quarter of this year. Sources say that the share sale in IHH will be followed by divestment in at least eight more companies. UEM Edgenta is one of them. — Reuters

However, Khazanah may not consider selling its stake anytime soon

KHAZANAH Nasional Bhd’s majority-controlled UEM Edgenta Bhd has attracted a number of suitors, both local and foreign, sources says.