Global Infrastructure Partners (GIP) is in talks to buy up to a 49% stake in MMC Port Holdings, in a deal potentially valuing Malaysia's biggest port operator at around 30 billion ringgit ($6.4 billion), two sources with knowledge of the matter said. The infrastructure investor has begun seeking financing for the potential acquisition of a stake in MMC Port, part of the MMC Corp conglomerate controlled by Malaysian tycoon Syed Mokhtar Al-Bukhary, one of the sources said. A 49% stake in MMC Port would be worth $3.1 billion, although it is not clear yet what kind of premium will be agreed on by the two companies.
Large numbers of trucks not only add to road construction and maintenance bills, they also make our roads less safe and more congested and add to noise and air pollution.