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Air France-KLM and Lufthansa have submitted binding bids to acquire a 44.9 per cent stake in TAP Air Portugal, moving the airline's privatisation forward. Portugal's government aims to select a strategic partner by September.
Ajinomoto Co Inc, which owns 50.38% of Ajinomoto Malaysia, is moving to privatise and delist the monosodium glutamate producer for RM603.4 million. Minority shareholders will receive RM20 per share, representing a substantial premium to recent trading prices.
Ajinomoto Co, which already owns just over half of Ajinomoto Malaysia, is moving to acquire full ownership through a privatisation worth RM603.4 million. Minority shareholders will receive RM20 per share, representing a significant premium to recent trading prices.