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Petron completes acquisition of Esso Malaysia
by hlk Sat 31 Mar 2012, 14:09
Maybank Investment Bhd, on behalf of Petron Oil and Gas International Sdn Bhd, announced that the acquisition of
175.5 million shares of 50 sen each in Esso Malaysia Bhd has been completed.
In a statement today, Maybank Investment said the shares were valued at RM598.7 million (US$195.12 million), representing 65 per cent of Esso Malaysia's voting shares acquired from ExxonMobil International Holdings Inc.
"There is no change to the offer price of RM3.59 for each offer share, given that the offer price is higher than the equivalent of the final vendor price," it said.
The final vendor price is also the highest price per Esso Malaysia share paid by Petron within six months prior to March 16, 2012, being the date of the notice, Maybank Investment added. -- Bernama
175.5 million shares of 50 sen each in Esso Malaysia Bhd has been completed.
In a statement today, Maybank Investment said the shares were valued at RM598.7 million (US$195.12 million), representing 65 per cent of Esso Malaysia's voting shares acquired from ExxonMobil International Holdings Inc.
"There is no change to the offer price of RM3.59 for each offer share, given that the offer price is higher than the equivalent of the final vendor price," it said.
The final vendor price is also the highest price per Esso Malaysia share paid by Petron within six months prior to March 16, 2012, being the date of the notice, Maybank Investment added. -- Bernama
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