Malaysia’s government is open to a foreign strategic partner buying a stake in state-controlled car-maker Proton Holdings Bhd, second finance minister Nor Mohamed Yakcop told Reuters on Friday.

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State investment arm Khazanah Nasional has a 42.7% stake in Proton, which recently forged an alliance with Volkswagen.


“Khazanah at this point of time does not have a plan to sell the block to somebody else. If a foreign partner comes in to add value by way of a strategic alliance…and he requires a little bit of equity interest, of course we will consider,” Nor Mohamed told Reuters in an interview.

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