PNB to strengthen portfolio by exiting legacy investments


Permodalan Nasional Bhd deputy president and group chief executive officer Datuk Rick Ramli.

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) is looking to exit its positions in legacy investments, allowing it to strengthen other asset classes, including fixed income, said its deputy president and group chief executive officer, Datuk Rick Ramli.

He said the fund management company has already exited investments in major companies such as Unilever and ExxonMobil, with plans to divest further.

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