Deals
Malaysia’s Ekuiti Nasional Explores Sale of Shipping Unit Orkim, Sources Say
- State-owned private equity firm seeks $331 million for Orkim
- Ekuinas working with financial adviser on potential sale
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Ekuiti Nasional Bhd., Malaysia’s state-owned private equity firm, is exploring selling shipping company Orkim Sdn Bhd. and is seeking as much 1.5 billion ringgit ($331 million), according to people with knowledge of the matter.
Ekuinas, as the buyout firm is known, is working with an adviser on the potential deal, the people said. Kuala Lumpur-based Orkim has drawn interest from companies in the industry and financial sponsors, the people said, asking not to be identified as the process is private.