Malaysia’s MISC has been linked to the acquisition of a stake in a compatriot floating production, storage and offloading vessel owner, prompting talk of a potential takeover.
Reports in the domestic financial media claimed that “base-level negotiations” had taken place for a possible acquisition of a substantial stake in Bumi Armada.
MISC, with interests in tankers, LNG and shipyards, was quick to dismiss talk of any potential tie-up in a statement to the Malaysian stock exchange.
