KHAZANAH Nasional Bhd is “not in the mood” to sell PLUS Malaysia Bhd, said managing director Shahril Ridza Ridzuan.

He said the sovereign wealth fund, which owns 51% of PLUS, is sticking to its stand of not disposing of its stake in the country’s biggest expressway toll company.

“We are not in the mood to sell the asset, and we actually don’t have any kind of bidding process going on,” he told reporters on the sidelines of the Permodalan Nasional Bhd Corporate Summit 2019 in Kuala Lumpur today.

He said he agrees with Prime Minister Dr Mahathir Mohamad’s view that all the proposals made thus far are unattractive.

“Dr Mahathir has already mentioned that none of the offers is attractive. So, I leave it at that.”

It was reported today that Widad Business Group Sdn Bhd has upped its offer to acquire a 100% equity interest in PLUS at a total enterprise value of RM38.34 billion.

Other offers for PLUS have been made by businessman Halim Saad, private equity fund RJR Capital and Maju Holdings Sdn Bhd. – Bernama, October 30, 2019.