KNM in talks for FBM Hudson Italiana sale

KUALA LUMPUR: KNM Group Bhd is evaluating new purchase offers from potential buyers for its subsidiary, FBM Hudson Italiana SpA.

“The company has received offers of purchase from other interested parties and is currently evaluating its options.

“Further development in relation to the proposed disposal will be announced in due course,” the Practice Note 17 company said in a filing with Bursa Malaysia,

KNM said the share purchase agreement to sell FBM Hudson Italiana to BM Carpenterie Oil & Gas S.r.l. and Officine Piccoli S.p.A. expired on June 30.