Petronas Is Said to Weigh Selling Stake in Renewable Energy Unit

Malaysia’s Petroliam Nasional Bhd. is considering selling a minority stake in renewable energy firm Gentari Sdn. to help expand the business, according to people with knowledge of the matter.

Petronas, as the state-owned energy company is known, is working with an adviser and has drawn interest from infrastructure funds and industry peers, the people said, asking not to be identified as the process is private.

The stake could be worth $300 million to $500 million, the people said, though they added that considerations are preliminary and the size of the sale and Gentari’s valuation are still under discussion.

Petronas may ...