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News Asia

Privatising Penang Port

26 Sep 2007

Konsortium Logistik Bhd, a consortium of senior executives, and a listed state company have all bid to take over Malaysia's Penang Port Sdn Bhd.

The eventual price for the company could be in the region of $143m, although the Ministry of Finance will retain a golden share. An award is to be made by the end of the year.