KUALA LUMPUR, Oct 18 (Reuters) - A group led by unlisted auto firm Naza group has won bidding for a 15.8 percent stake in Malaysian auto and banking group DRB-Hicom , administrators of the estate of DRB's late founder said.
No price was given by the administrators but media reports have previously priced the cash deal at an estimated 576 million ringgit ($152 million), or 3.65 ringgit a share.
State-linked DRB is involved in the assembly and distribution of
"Naza-led group wins stake in Malaysia's DRB" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. To obtain Premium status, please contact us.
WardsAuto.com Premium subscribers have access to the full breadth of Ward’s articles, news, analysis and features as well as all the Ward’s data and statistics as soon as they are available in Excel spreadsheet format. Learn more about the benefits of Premium access here.Sign in to access
this Article
Why Become a Premium Subscriber?
