GIP in talks to buy up to 49% stake in Malaysian port operator MMC

GIP in talks to buy up to 49% stake in Malaysian port operator MMC

FILE PHOTO: A man is silhouetted as he fishes near Northport in Klang outside Kuala Lumpur June 6, 2014. REUTERS/Samsul Said/File Photo

Global Infrastructure Partners (GIP) is in talks to buy up to a 49% stake in MMC Port Holdings, in a deal potentially valuing Malaysia’s biggest port operator at around 30 billion ringgit ($6.4 billion), two sources with knowledge of the matter said.

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