Genting Berhad Announces $1.6 Billion Takeover Proposal
Genting Berhad has proposed a $1.6 billion takeover of all remaining shares in its subsidiary Genting Malaysia Berhad.
- The offer is conditional on regulatory approval.
- Completion is expected by the fourth quarter of 2025.
- The company plans to fund the acquisition through a mix of debt financing and internally generated funds.
The Malaysian conglomerate is offering $0.49 per share in cash for the 50.64% stake in Genting Malaysia.
The offer represents a premium ranging between 9.8% and 22.9% over Genting Malaysia’s recent trading prices.
Author's note: Genting Berhad awaits regulatory approval for takeover.
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