PETRONAS Optimises Its Portfolio Of Shareholdings In MISC Berhad

PETRONAS successfully completed block trades of its shares in MISC Berhad (“MISC”), PETRONAS Dagangan Berhad (“PETRONAS Dagangan”) and PETRONAS Gas Berhad (“PETRONAS Gas”). The block trades were marketed to Malaysian institutional funds.

The trades are carried out as part of PETRONAS’ portfolio management strategy. The sale of the shares would also allow for more local participation and ownership in these publicly listed companies.

PETRONAS retains its controlling stake in MISC, PETRONAS Dagangan, and PETRONAS Gas which will continue to be PETRONAS’ subsidiaries. We remain committed to these companies which are essential entities in the PETRONAS integrated business value chain.

Source / Further information : PETRONAS


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