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.
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.

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