GREEDY CRONIES DIG IN: MAHATHIR TO CONSIDER ALL OFFERS FOR PLUS, MAS – EVEN PETRONAS TO BE PARTIALLY SOLD TO SAUDI’S ARAMCO?

FILE PHOTO - Malaysia Airlines planes sit on the tarmac at Kuala Lumpur International Airport July 21, 2014. REUTERS/Edgar Su/File Photo
MALAYSIA will listen to any offers for Plus Malaysia Berhad and Malaysia Airlines Berhad as long as they fulfil national interests, said Prime Minister Dr Mahathir Mohamad.“The government will study all offers. If the offers are in line with our interests, we will look at them,” he said at the Parliament lobby this morning.

He was responding to questions on the offers for Plus Malaysia for its network of tolled highways and ailing national carrier Malaysia Airlines (MAS).

It was reported last week that a consortium led by Asian private equity group RRJ Capital had proposed to buy Plus Malaysia for RM3 billion.

Plus is 51% owned by engineering infrastructure and services firm UEM Group Berhad, a subsidiary of Khazanah. The Employees Provident Fund owns the rest.

Dr Mahathir said Khazanah has received many offers for Malaysia Airlines.

“I haven’t spoken to them. But there are many contenders, including local companies. It is up to Khazanah to decide.”

He was also asked if there were an offer from Japan Airlines to buy MAS.

Dr Mahathir said it is up to Petronas to decide to tie up with Saudi Arabia-owned petroleum company Aramco.

“That depends on Petronas. Not me.”

It was reported last week, that Saudi Aramco had approached Petronas and China-owned Sinopec Group on several investments in its initial public offering.

THE MALAYSIAN INSIGHT

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