Petron not giving up on Esso Malaysia takeover bid


Dateline 2012-10-15:

Petron Corp. wants to fully take over a Malaysian oil refiner by offering to buy out its remaining public shareholders for the second time.

Petron, through its international arm Petron Oil and Gas International Sdn, Bhd, has beefed up its stake in Esso Malaysia Bhd to 73.32% from 65% after a recent tender offer to minority shareholders.

Petron chairman and CEO Ramon Ang told reporters they hoped to own 100% of Esso, but not all shareholders accepted their offer.

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This entry was posted on Thursday, May 31st, 2012 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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