Petronas Dagangan sees rising investor interest
PETALING JAYA: Petronas Dagangan Bhd
(PetDag) will sell its 100% equity interest in Petronas Philippines Energy Inc (PEPI) and 40% equity interest in Duta Inc to Phoenix Petroleum Philippines Inc for US$124mil (RM532.5mil).
With this, the group will be exiting the liquefied petroleum gas (LPG) business in the Philippines.
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