Petronas proposes a public offering of shares in Progress Energy Resources (PRQNF.PK) within...

|About: Progress Energy Res (PRQNF)|By:, SA News Editor

Petronas proposes a public offering of shares in Progress Energy Resources (PRQNF.PK) within five years as a concession to Canada’s government, as it seeks approval for its $5.2B takeover try. Making Progress shares available to Canadian investors also would give the country regulatory oversight over the company.