Malaysian government to bail out Naluri via MAS stake sale

Naluri is expected to exit MAS at cost, courtesy of the Malaysian government, which would then sell part of its holding to Qantas.

Jim Regan

August 01, 2000

If latest reports prove correct, the Malaysian government is poised to buy Naluri's 29% stake in Malaysian Airline Systems (MAS) at Naluri's 1994 cost price of M$1.67 billion ($440 million) - or M$8 a share - and then sell a 20% interest to Qantas. If such a deal materializes, Naluri's six years of mismanagement of the Malaysian flag-carrier will go largely unpunished.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.