Petronas finalizes details in deal for Proton stake

Article Abstract:

Petroliam Nasional Bhd. (Petronas) has completed its plans to acquire a controlling equity stake in Perusahaan Otomobil Nasional Bhd. (Proton). Petronas is proposing to purchase the share for approximately one billion ringgit (257.5 million euros). Proton is the manufacturer of Malaysia's national car. Analysts believe that Petronas would be buying the Proton share for a fair price. However, the deal would not be enough to stop critics from seeing it as another example of the Malaysian government bailing out a major struggling business.

Comment:

Petronas proposing to purchase controlling share of Proton for approx one billion ringgit (257.5 million euros)

Asset sales & divestitures, Crude Petroleum and Natural Gas Extraction, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Crude Petroleum & Natural Gas, Malaysia, Petroleum industry, Abstract, Natural gas, Petroleum, Transportation equipment industry, Gas industry, Petroliam Nasional Bhd., Perusahaan Otomobil Nasional Bhd.

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Alitalia unions reject revised offer

Article Abstract:

Without eliminating the possibility of further negotiations, airline Alitalia SpA's labor unions rejected a takeover proposal by Air France-KLM. Article discusses Alitalia's financial problems, stock value, and employee and political opposition to the merger.

Forecasts, trends, outlooks, Personnel administration, Italy, Company acquisition/merger, Acquisitions and mergers, Airlines, Negotiation, mediation and arbitration, Political aspects, Labor relations, Company business forecast/projection, Company forecasts, Linee Aeree Italiane S.p.A., Air France S.A.

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