Malaysia: State to sell 42.7% stake in Proton

Malaysia's state investment arm Khazanah Nasional has revealed it is selling its 42.74% stake in Proton to conglomerate DRB-Hicom for Ringgits 1.291bn (US$411.2m). The deal is to be carried out at Ringgits 5.50 per Proton share - a 6.2% premium to Proton's last closing share price. The divestment will be subject Subscribe to Automotive World … Continued

• By Webmaster
• January 16, 2012