SINGAPORE: Malaysia's largest asset manager, Permodalan Nasional Bhd (PNB), is considering merging Sime Darby Motors and Perusahaan Otomobil Kedua (Perodua) to create an automotive giant worth over 10 billion ringgit ($2.15 billion), two sources said.
State-owned PNB is talking to advisers to explore options including first by merging the holding companies of the two units then creating the bigger automotive group that could help spearhead the development of the electric vehicle (EV) sector in Malaysia, the sources with knowledge of the matter said.
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