All sails set for MISC-Bumi Armada merger

SHARES of MISC Bhd have trended down, while those of Bumi Armada Bhd have risen following last week’s confirmation that the two parties have started merger talks on the former’s floating production, storage and offloading (FPSO) assets.

The market, thus, indicates that the deal could be more advantageous to Ananda Krishnan-owned Bumi Armada and less so for the national shipping giant, MISC.