Malaysia's Petronas mulls IPO for South African fuel retail unit Engen in 2020

Malaysia's Petronas mulls IPO for South African fuel retail unit Engen in 2020

FILE PHOTO: A Petronas logo at their office in Kuala Lumpur, Malaysia August 15, 2017. REUTERS/Lai Seng Sin

Petroliam Nasional BHd and its South African partners plan to conduct an initial public offering in their fuel retailer Engen to fund the upgrade of a refinery in the coastal city of Durban and to expand its network of gas stations.

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