Friday, 6 January 2012

Nadzmi bids for Khazanah’s stake in Proton

Proton Holdings Bhd said its chairman Tan Sri Mohd Nadzmi Mohd Salleh has made a bid for Khazanah Nasional Bhd’s 42.7 per cent stake in the Malaysian carmaker.

Nadzmi plans to retain most of the current management team if his bid is successful, Proton said in a statement in Kuala Lumpur today.

Proton is also in “preliminary” talks with General Motors Co, it said without elaborating. - Bloomberg



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