Malaysia's Petronas not interested in stake in Daewoo E&C

Malaysia's Petronas not interested in stake in Daewoo E&C

Malaysian state energy firm Petroliam Nasional Berhad on Saturday denied a
media report that it was interested in buying a controlling stake in South
Korea's Daewoo Engineering & Construction Co.

Petronas, as the company is known, and Aramco are among potential suitors
for a 50.75% stake in Daewoo E&C, a deal that could fetch around 2 trillion
won (US$1.78 billion), South Korea's Maeil Business Newspaper said on
Friday.

"Petronas has no intention of entering into such business transaction and
wishes to categorically deny the report," a company spokesperson told
Reuters in an emailed statement.

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Link to Original Article:
https://www.bangkokpost.com/news/asean/1317383/malaysias-petronas-not-intere
sted-in-stake-in-daewoo-ec

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com