Malaysian car distributors to discuss merger-paper

Newswire

KUALA LUMPUR, April 25 (Reuters) - Malaysian car maker Proton Holdings Bhd is set to enter talks over a possible merger of its distribution arm with rival Edaran Otomobil Nasional Bhd (EON) , a local newspaper said on Friday. A merger would allow state-controlled Proton to focus solely on manufacturing and create a distribution business with annual sales of more than 2 billion ringgit ($637 million), the Business Times said, quoting unidentified bankers. "A merger would also help ...

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