Speculation grows about listing Petronas, as I expected changes
Tom KirkmanIndependent Project Manager
Remember I mentioned a couple weeks ago that I fully expect some changes to be made to Petronas?
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Seems there is quite a bit of speculation going on:
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“One option that has now been floated is the listing of Petroliam Nasional Bhd (Petronas). Listing the national oil company has made its rounds for consideration before, but given the gravity of the situation now, one investor says that it is a surefire way of raising a huge sum of money quickly.
… A listing of Petronas, which made a profit of RM45.5bil last year when oil prices were much lower than now, can raise between RM600bil and RM800bil, depending on the valuation the company seeks from investors in an initial public offering (IPO).
“A disposal of a 25% stake in Petronas during a listing exercise will easily raise between RM150bil to RM200bil for the government,” says an investment banker.”