University of Nottingham Malaysia owners weigh exit
Published 09 Dec,2020 via Bloomberg Markets - University of Nottingham Malaysia Sdn.’s owners are weighing a sale that could value the education provider at about 500 million ringgit ($123 million), according to people with knowledge of the matter.
Boustead Holdings Bhd., a Malaysian conglomerate with interests in finance, plantations and properties, is working with an adviser on the planned sale of its majority stake in the offshore campus of the British university, the people said. YTL Corp., which also holds a stake in the learning institution, may tag along in the exit, said the people, who asked not to be identified as the process is private.
Boustead owns about 66% of the University of Nottingham Malaysia, while YTL and the University of Nottingham hold approximately 4% and 30% respectively, according to the people.
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Elffie Chew and Yantoultra Ngui