PNB Weighs RM3 Billion Sale of PROLINTAS

Permodalan Nasional Bhd (PNB) is reportedly exploring the possibility of selling its highway operator unit, Projek Lintasan Kota Holdings Sdn Bhd (PROLINTAS), in a deal that could be worth up to RM3 Billion.

Citing sources familiar with the matter, Bloomberg reports that PNB have engaged a financial adviser and has reached out to industry players and private equity firms to test market interest.

However, the discussions are still preliminary, and no final decision has been made. The report noted that PNB could still opt to retain the company.

In a response to Bloomberg, PNB said that portfolio reviews are part of its ongoing strategy as a long-term investor. These reviews include potential divestments and repositioning to enhance value.

“All decisions are guided by a rigorous governance process aligned with our investment objectives,” the fund reportedly said.

PNB added that it does not comment on speculation or rumours, and any material developments will be disclosed through official regulatory channels.

PROLINTAS, which was established in 1995 and is fully owned by PNB, manages several key highways across the Klang Valley. Among its notable assets is Prolintas Infra Business Trust Bhd, a listed entity with a market value of about RM1.1 billion.

The company has also embraced technology to enhance operations, deploying AI and machine learning systems to improve road safety and efficiency.

The potential sale comes amid a broader slowdown in M&A activity involving Malaysian companies. According to Bloomberg data, total deal value has dropped roughly 46% year-on-year to around US$4.2 billion (RM19.7 billion) so far in 2025.

Source: MalayMail