Malaysia's Permodalan Nasional weighs $2.15b Sime Darby-Perodua merger

Malaysia's Permodalan Nasional weighs $2.15b Sime Darby-Perodua merger

Petronas Twin Towers in Kuala Lumpur, Malaysia. Photo by Elliot Andrews on Unsplash

Malaysia’s largest asset manager, Permodalan Nasional Bhd (PNB), is considering merging Sime Darby Motors and Perusahaan Otomobil Kedua (Perodua) to create a local automotive giant worth over 10 billion ringgit ($2.15 billion), two sources said.