Monday, 22 July 2013

Petronas in Talks to Sell South Africa's Biggest Fuel Retailer

Petronas is in talks to sell a stake in Engen Petroleum to South Africa's state-owned petroleum company PetroSA. This was confirmed by Petronas spokesperson, Azman Ibrahim. It is learned that PetroSA is keen to acquire a controlling stake in Engen, which is 80% owned by Petronas. (Focus Malaysia)

Source: CIMB Daybreak - 22 July 2013

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