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Investing.com -- Petroliam Nasional Bhd., also known as Petronas, is reportedly exploring various options for its Canadian subsidiary, previously known as Progress Energy Resources Corp.
This could potentially include a sale of the business, according to Bloomberg report on Tuesday.
The Malaysian state energy firm has reportedly enlisted the help of a financial adviser to assist with a potential disposal.
According to the report,, the Canadian business could be valued between $6 billion and $7 billion in such a transaction.
Aside from a complete sale, Petronas is also considering the sale of a minority stake in the business, depending on the valuation it receives.
The company has reportedly begun gauging preliminary interest from potential buyers.
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