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Malaysia : PETALING JAYA: EKUINAS makes major investments to widen its portfolio in O&G and F&B spaces

August 25, 2014

Ekuiti Nasional Bhd (Ekuinas) has announced in a statement that it has made around RM400 million investment for the acquisition of majority stakes in two firms in order to boost its portfolios across oil and gas (O&G) and food and beverage (F&B) sectors.

Ekuinas, a Government-linked private equity fund management company, has revealed that it will pay RM346.3 million for acquiring a stake of as much as 95.5% in Orkim Sdn Bhd, while a stake of 60% in Coolblog Sdn Bhd, a domestic specialist in franchised desserts and beverages space, will cost it RM50.8 million.

So far this year, Ekuinas has made RM450.1 million investments, including the latest stake purchases. The company s overall investment figure across 28 firms now reaches RM2.3 billion.

Ekuiti has disclosed that it will be able to pierce into the petroleum transportation sector with its investments Orkim Sdn Bhd, a provider of clean petroleum product tanker. According to the company, the Orkim deal is likely to be accomplished by the last quarter of this year.

Ekuinas has also invested in Coolblog via Integrated Food Group Sdn Bhd, the retail F&B division of Ekuinas, and this investment will facilitate the company to have a portfolio of six well-liked brands and 495 stores in the region, becoming one of the top players in the F&B industry in the end.

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Source: TendersInfo (India)

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