Malaysia’s Perusahaan Otomobil Nasional Bhd. (Proton) is in talks with Moroccan officials over the planned sale of the state’s stake in Somaca, a local car assembler, published reports from Morocco say. Proton has met with the state Privatization Dept., Industry Minister and Somaca officials over the privatization plans for the auto maker. The state, which currently holds 38% of Somaca, reportedly wanted to sell its stake sooner but could not find a buyer. The plant has annual revenue of ...
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