Independent journal on economy and transport policy
14:42 GMT+1
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malaysian MMC will obtain the control of NCB, group that manages the port of Port Klang
Green light to the acquisition of 54.42% of the capital for about 260 million dollars. Obligatory offer on the minority quotas
November 25, 2015
MMC Corporation, group malaysian that work in the fields of the energy, the utilities, the constructions and in the harbour field, division this last one that manages the ports malaysians of Tanjung Pelepas and Johor and participates to the management of the container Saudi terminal Red Sea Gateway Terminal, will acquire the control of NCB Holdings Bhd successively and will introduce an offer in order to obtain the entire capital of the society.
NCB work in the harbour field and that logistic one through the society integrally controlled Northport (Malaysia) Bhd, that it manages the port malaysian of Port Klang, and through the society integrally controlled Kontena Nasional Bhd (KNB), founded logistic company in 1971.
Today, in fact, the assembly of MMC the Corporation has approved of the acquisition of about 251 million common stocks of NCB Holdings of the unitary nominal value of 1,0 ringgit by MMC the Port Holdings Sdn Bhd, society integrally controlled from MMC, and the start of relative obligatory a public purchase offer to the remaining share quotas NCB.
Previously MMC and the branch MMC Port had signed an agreement with the malaysians Permodalan Nasional Bhd and AmanahRaya Trustees Bhd in order to acquire about 251 million common stocks of NCB, pairs to 53.42% of the capital, for 1,1 billion ringgit (260 million dollars), that is for 4,4 ringgit for each action.
Currently MMC stop already 30.13% of the capital of NCB and with the operation its participation will go up therefore to 83.55%.
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MMC Corporation, group malaysian that work in the fields of the energy, the utilities, the constructions and in the harbour field, division this last one that manages the ports malaysians of Tanjung Pelepas and Johor and participates to the management of the container Saudi terminal Red Sea Gateway Terminal, will acquire the control of NCB Holdings Bhd successively and will introduce an offer in order to obtain the entire capital of the society.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
