KUALA LUMPUR: Widad Business Group (WBG), has offered to buy the PLUS Expressways Bhd concessionaires by taking over 51% of the concessionaires owned by Khazanah Nasional Bhd for RM1.5bil in cash consideration, or 100% of the concessionaires owned by Khazanah and Employees’ Provident Fund’s (EPF) for RM3bil in cash consideration.
In a statement Tuesday, Widad said the takeover proposal has been submitted to the Prime Minister, Works Ministry and Economic Affairs Ministry on Oct 9, 2019.
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