Sime to acquire remaining stake in UMW

The 38.82% stake is valued at RM2.27bil.

PETALING JAYA: Sime Darby Bhd has made an unconditional mandatory takeover offer to acquire the remaining 38.82% stake in UMW Holdings Bhd at RM5 each.

At RM5, the 38.82% stake is valued at RM2.27bil, giving UMW a total valuation of RM5.84bil. Sime Darby entered into a deal with Permodalan Nasional Bhd to acquire a 61.18% stake in UMW for RM3.57bil.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
SimeDarby , UMWHoldings , Takeover , MandatoryOffer , Delisting , EGM

Next In Business News
Sentral REIT appoints Tay Hui Ling as CEO
Mega First to acquire 12.5% stake in Stenta Films for RM33.10mil
DXN inks MoU with Apex-Brasil to explore Brazil, eyes US$50mil investments
F&N to focus on innovation, diversification and transformation
Mulpha International invests US$20mil in Hong Kong's Sun Hung Kai bond programme
Ringgit breaches 4.04 level against US dollar after OPR maintained at 2.75%
Capital A’s Teleport to raise US$50mil via perpetual securities
Apex Healthcare to be delisted on Jan 27
Prudential to raise stake in Malaysia life insurer holding firm to 70% for US$377mil
BWYS shareholders approve RM67mil property disposal, RM94.5mil land acquisition

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.