Petronas to Sell Stake in Its Renewable Energy Subsidiary ...Middle East

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Petronas to Sell Stake in Its Renewable Energy Subsidiary
source : OILPRICE ( Middle East ) () 92
Malaysia’s Petronas is reportedly looking for buyers of a minority stake in its alternative energy subsidiary Gentari Sdn to help expand the business. The value of the deal could be between $300 million and $500 million, according to unnamed sources who spoke to Bloomberg. However, sale discussions are preliminary and the price tag is far from final—if the sale takes place at all. Malaysia’s state energy major set up Gentari two years ago with the state goal of delivering “a suite of renewable energy, hydrogen and green…

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