Market Chatter: Founding Family Plans $1.7 Billion Buyout of Yinson Holdings Through Consortium
Yinson Holdings' (KLSE:YINSON) founding Lim family is said to be planning a $1.7 billion bid to buy out the company in partnership with Employees Provident Fund (EPF) and MISC (KLSE:MISC), Bloomberg reported Thursday, citing people familiar with the matter.The group could submit an indicative offer of around 2.35 ringgit per share for Yinson as early as this week, the sources said.At present, the Lim family owns around 27.7% of the energy infrastructure company, while EPF holds 17.1%.Yinson, EPF and MISC did not immediately respond to' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)