Malaysian PE firm Ekuinas sells 50% stake in oil & gas firm Icon Offshore

Malaysian PE firm Ekuinas sells 50% stake in oil & gas firm Icon Offshore

REUTERS/Dado Ruvic

Malaysian government-linked private equity firm Ekuiti Nasional (Ekuinas) said Tuesday it has sold a 50.2% stake in oil and gas services company Icon Offshore to Liannex Maritime for 172.7 million ringgit ($36.61 million) in cash.