Lim family in talks with EPF, PETRONAS to take Yinson private
The Lim family, PETRONAS, and the Employees Provident Fund are reportedly forming a consortium to take the oil-and-gas firm Yinson Holdings private. The deal would consolidate ownership of one of the world's largest fleets of floating production storage offloading vessels.
Why it matters
Privatization of major energy infrastructure firms has significant implications for regional energy markets and institutional investment strategies.
BURSA SGX Home Breaking News Make The Edge Malaysia your preferred source on Google KUALA LUMPUR (Aug 27): PETRONAS, the Employees Provident Fund (EPF) and the founding Lim family of Yinson Holdings Bhd (KL: YINSON ) are in talks to take private the oil-and-gas firm, sources said.
The three parties are forming a consortium to buy out Yinson that owns one of the world’s largest fleets of floating production storage offloading (FPSO) vessels, according to people familiar with the matter.
A deal could be announced soon, one of the people told The Edge.
PETRONAS and the Lim family did not respond to requests for comment from The Edge , while the EPF declined to comment.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in