KUALA LUMPUR, March 29 Malaysia's Khazanah
Nasional has shortlisted three local firms to buy its 32.2
percent stake in Pos Malaysia Bhd , the Business Times
reported on Tuesday, as the state investor seeks to divest its
Khazanah has shortlisted DRB-HICOM , Nationwide
Express Courier Services Bhd and a joint-venture
between Amanah Reit and Malaysia Pacific Corp
, the newspaper reported, citing sources familiar with
the bidding process for the national postal firm.
Khazanah first announced that it would divest its stake in
Pos Malaysia a year ago. [ID:nSGE62T0F3]
Business Times said the shortlisted bidders will make a
second and final presentation later on Tuesday to Khazanah and
it advisor for the share sale, McKinsey & Co.
Khazanah could not be immediately reached for comment.
Shares in Pos Malaysia jumped 2.8 percent on Monday, valuing
Khazanah's stake at around 574 million Malaysian ringgit ($189.7
The newspaper said the shortlisted firms had bid between 2.2
to 3 times of Pos Malaysia's book value per share, which stood
at 1.54 ringgit at the end of last year.
($1 = 3.026 Ringgit)
(Reporting by Niluksi Koswanage; Editing by Dhara Ranasinghe)