Bumi Armada to weigh buying MISC energy assets

Quick Summary:

Bumi Armada Bhd, an oil field services provider controlled by Malaysian tycoon T Ananda Krishnan, is considering buying MISC Bhd’s offshore energy business, according to people with knowledge of the matter.

State-owned oil company Petroliam Nasional Bhd controls MISC with a 51% stake.

Talks between the companies are at an advanced stage and a non-binding agreement may be signed as soon as this week.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaVietnam

Topics: /Business/Business News AnandaKrishnan Corporate News FPSO OilFieldServices EnergyAcquisition MISCDeal BumiArmada

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 00:00:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 317 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23575832

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