Dateline 2011-12-22:
Boustead Holdings Bhd. (BOUS), a Malaysian plantations, engineering and financial services group, is still interested in buying Exxon Mobil Corp.’s oil and gas assets in the Southeast Asian nation if San Miguel Corp. (SMC)’s planned acquisition falls through, Group Managing Director Lodin Wok Kamaruddin said.
Exxon agreed in August to sell its entire 65 percent stake in Esso Malaysia Bhd. (ESSO) and some other assets in the country to the Philippine beer-maker for $610 million. While this won Malaysian government approval last month, the transaction has yet to be concluded.
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Posted by Wata 