IN THE NEXT few months, two businesses owned by Malaysian state oil company Petronas will list on Kuala Lumpur’s stock exchange. They are big deals in their own right and will probably raise at least $3 billion between them, but it’s what they portend that’s got people really excited. Could these listings, part of a new national policy of floating more state assets, be a step towards an IPO of Petronas itself?
What a trophy that would be.
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