From Upstream Online – MMHE denies Sime asset talks


Ah, did they or didn’t they?

Dateline 2011-04-27:

The heavy engineering unit of state-run Petronas has denied rumours it is in talks to buy oil and gas assets from fellow Malaysian company Sime Darby.

A spokesperson for Malaysia Marine and Heavy Engineering (MMHE) told Upstream today that there was no basis to reports the company was looking to buy any assets from Sime.

When questioned if the companies had entered any form of discussions over the assets the spokesperson simply replied “not at the moment.”

However there is little doubt that MMHE would welcome discussions to expand its current yard capacity.

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This entry was posted on Thursday, May 5th, 2011 at 6:00 am and is filed under business opportunity, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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