PDZ to diversify into O&G support services

Kuala Lumpur: Pelaburan Mara Bhd (PMB) plans to inject assets into logistics service provider PDZ Holdings this year to diversify its business into support services in the oil and gas sector.

This comes after the investment and asset management arm of government agency Majlis Amanah Rakyat (Mara) spent RM41m to acquire a controlling 26.8% stake in PDZ at an average price of 18 sen a share in off-market deals last week.

“The assets can be something we already own, and we may look at opportunites available in the country and Indonesia,” PMB group CEO Nazim Rahman told local media.  [28/04/14]

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