PCG complete divestment of 25% stake in PETRONAS Chemicals Fertiliser Sabah

PCG managing director and chief executive officer Ir. Mohd Yusri Mohamed Yusof

KUALA LUMPUR: Petronas Chemicals Group Bhd (PCG) and the State of Sabah, through its wholly-owned company SMJ Sdn Bhd (SMJSB) have signed a share purchase agreement (SPA) for the acquisition of 25% equity interest in PETRONAS Chemicals Fertiliser Sabah Sdn Bhd (PC FSSB) for a value of RM1.2bil.

PCG managing director and chief executive officer Ir. Mohd Yusri Mohamed Yusof said this opportunity would further strengthen its working relationship between PCG and the State of Sabah and unlock potential for similar collaborations in the future.