Advertisement
UK markets closed
  • FTSE 100

    7,529.35
    +75.60 (+1.01%)
     
  • FTSE 250

    18,408.65
    +175.18 (+0.96%)
     
  • AIM

    716.29
    +2.51 (+0.35%)
     
  • GBP/EUR

    1.1673
    +0.0083 (+0.72%)
     
  • GBP/USD

    1.2714
    +0.0086 (+0.68%)
     
  • Bitcoin GBP

    30,567.48
    +810.06 (+2.72%)
     
  • CMC Crypto 200

    802.76
    +11.20 (+1.41%)
     
  • S&P 500

    4,594.63
    +26.83 (+0.59%)
     
  • DOW

    36,245.50
    +294.61 (+0.82%)
     
  • CRUDE OIL

    74.38
    -1.58 (-2.08%)
     
  • GOLD FUTURES

    2,091.70
    +34.50 (+1.68%)
     
  • NIKKEI 225

    33,431.51
    -55.38 (-0.17%)
     
  • HANG SENG

    16,830.30
    -212.58 (-1.25%)
     
  • DAX

    16,397.52
    +182.09 (+1.12%)
     
  • CAC 40

    7,346.15
    +35.38 (+0.48%)
     

Petronas says taking steps to protect global assets after seizure of Luxembourg units

A logo of Petronas is seen at their office in Kuala Lumpur

KUALA LUMPUR (Reuters) - Malaysia's state energy firm Petronas said it was taking steps to protect the legal position of all its global assets after two Luxembourg-based subsidiaries were served with a seizure notice last week over a dispute with the heirs of a late sultan.

The steps Petronas was taking include engaging legal counsel, the company said in an emailed statement on Monday.

The seizure follows a French arbitration court ruling in February ordering Malaysia to pay $14.9 billion to the heirs of the last sultan of Sulu, to honour a deal he signed with a British trading company over the use of his territory, now known as the Malaysian state of Sabah.

(Reporting by A. Ananthalakshmi; Editing by Ed Davies)