DRB-Hicom will take car maker Proton private, and its independence from the government and the public will give it much greater flexibility in making difficult business decisions, a Malaysia-based auto analyst predicts. Government investment company Khazanah Nasional says it is selling its 42.74% in Proton to DRB-Hicom for RM5.50 ($1.75) a share, or RM1.29 billion ($409.9 million). The price values the company at RM3.02 billion ($959.6 million). Khazanah’s sale of its ...
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