PNB Review of Assets Must Suit Malaysia’s Interest, PM Says (1)

Malaysia’s Permodalan Nasional Bhd.should consider national interests as it carries out a strategic review of its investment in toll road unit Projek Lintasan Kota Holdings Sdn., Prime Minister Anwar Ibrahim said.

Bloomberg reported in July that PNB is working with a financial adviser on a planned divestment in a deal that could be worth 3 billion ringgit ($710 million). The state-owned asset manager confirmed on Friday that it’s in early discussions with several parties on its stake in Prolintas, Bernama reported.

PNB was formed by the government in 1978 to help boost the wealth of ethnic Malays and ...