<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 15): National oil company Petroliam Nasional Bhd (Petronas) is selling its entire equity interest in Petronas Maritime Services Sdn Bhd to MISC Bhd for RM54.11 million cash.</p></div>

<div class=newsTextDataWrapInner><p>MISC, a 62.67% subsidiary of Petronas, said the purchase would enable the buyer to expand its maritime operations, which included shipping.</p></div>

<div class=newsTextDataWrapInner><p>“The acquisition will enable MISC to become a one-stop maritime services to Petronas Group and become its centre of maritime excellence,” MISC said in a statement to Bursa Malaysia today.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>MISC said the company and Petronas had signed the sale and purchase agreement for the Petronas Maritime transaction.</p></div>

<div class=newsTextDataWrapInner><p>The principal activities of Petronas Maritime include maritime services, consultancy and audit.</p></div>

<div class=newsTextDataWrapInner><p>At 2:31pm, MISC shares rose two sen or 0.2% to RM8.40 for a market value of RM37.46 billion.</p></div>

<div class=newsTextDataWrapInner><p>The stock saw 369,500 shares traded.</p></div>


KUALA LUMPUR (June 15): National oil company Petroliam Nasional Bhd (Petronas) is selling its entire equity interest in Petronas Maritime Services Sdn Bhd to MISC Bhd for RM54.11 million cash.

MISC, a 62.67% subsidiary of Petronas, said the purchase would enable the buyer to expand its ...

Petronas sells maritime unit to MISC

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