Deals
Malaysian Tycoon Syed Mokhtar Weighs Options for DRB-Hicom, Sources Say
- Syed Mokhtar talking to banks about options including buyout
- Mogul’s DRB-Hicom bought state automaker Proton in 2012
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Malaysian tycoon Syed Mokhtar Albukhary is conducting a strategic review of conglomerate DRB-Hicom Bhd., according to people with knowledge of the matter.
The businessman is in talks with potential advisers on options that could involve a buyout of the firm, said the people, who asked not to be identified as the process is private. Syed Mokhtar is also weighing a stake sale or other ways to further streamline DRB-Hicom’s businesses, the people said.