Friday, June 29, 2012

Petronas to buy Canada’s Progress Energy for $5.5-billion!!


Global player!

Malaysia’s state-owned energy company has struck a $5.5-billion takeover deal with Canada’s Progress Energy Resources Corp., a mid-sized natural gas company.
So it appears now without a doubt that, besides Felda's business ventures and involvement in Canada, Petronas is now also becoming another one of our global players!
In this borderless business world we can go anywhere any buy and acquire if it suits our interests, well done Petronas! Read here....

6 comments:

LAYMAN said...

Dear Pasquale,

I believe your sentence should be reversed. Petronas is already a global player for many many years. It's Felda's FGVH that is now moving towards that direction.

Anonymous said...

dear sir, I agree with Layman, it is Felda that is going to be another global player. In global business things moves fast and you need to adapt fast otherwise you are going to be dead meat. Decision has to be fast and no looking back.

Anonymous said...

Dia apa tahu....main sendiri, syok sendiri...mampus sendiri jugak!!

apapuntakboleh

Anonymous said...

yeah and very soon spork will be the poor neighbour

Anonymous said...

Yaa, and Petronas the petrol station owned by Petronas Dagangan, previously domestic-focused is now going global regionally. Petronas is in the Fortune 500 and is the top 10 most profitable national-owned oil&gas companies in the world.

Anonymous said...

Petronas is counting dooms day....
just like MAS vs SIA that put Malaysian to shame!