KUALA LUMPUR: According to people with knowledge of the matter, the Malaysian owners of the University of Nottingham are weighing a sale. It could value the education provider at about RM500 million.
Boustead Holdings Bhd, which has interests in banking, plantations and land, is working with a consultant on the proposed sale of its majority stake in the British university’s offshore campus. He said the individuals who requested not to be named as being private in the process.
YTL Corp, which also holds a stake in the learning institution, might tag along at the exit, they said.
Boustead holds about 66% of the university, while YTL and Nottingham University hold about 4% and 30%, respectively, they said.
Following an invitation from the education ministry to set up an overseas campus, the relationship between the three parties was formally announced in 1998. Among the first branch campuses of British universities founded outside of the UK, the University of Nottingham welcomed its first students in September 2000.
The university has a 50-hectare campus in Semenyih, approximately 30 km from Kuala Lumpur, as well as a teaching facility in the capital of the country. There are about 5,000 students from more than 85 countries in the education centre. It also provides basic level courses through doctoral degrees.
Deliberations are still early. And there is no guarantee that the agreement will continue with Boustead and YTL, the individuals said.
YTL executive chairman Francis Yeoh declined to comment. Although Boustead and University of Nottingham Malaysia representatives did not respond immediately to requests for comment.
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