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Malaysia's PNB Said to Weigh $705 Million Sale of Toll Road Unit

Malaysia's PNB Said to Weigh $705 Million Sale of Toll Road Unit

Bloomberg15-07-2025
Malaysia's state-owned asset manager is considering selling its toll road unit Projek Lintasan Kota Holdings Sdn. in a deal that could be worth 3 billion ringgit ($705 million), people with knowledge of the matter said.
Permodalan Nasional Bhd., also known as PNB, is working with a financial adviser on the planned divestment, said the people, asking not to be identified as the process is private. PNB has reached out to potential investors including industry players and private equity firms to gauge initial interest, the people said.
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