Brahim’s considers sale of 70% stake in BFS

Ibrahim said BFS is able to survive without MAG.

PETALING JAYA: Brahim’s Holdings Bhd (BHB) is in discussions with potential buyers for its 70% stake in Brahim’s Food Service Sdn Bhd (BFS) with an outcome depending on an agreeable price.

The remaining 30% stake in the food processor is held by Malaysia Airlines Bhd (MAB) but the discussions with potential buyers comes as BFS’ catering agreement with MAB’s parent company, Malaysia Aviation Group (MAG) was terminated on Aug 31, 2023.