KNM's sub-subsidiary to dispose of entire stake in FBM Hudson Italiana for RM84.77mil

(Reuters) - Brazil striker Richarlison battled with depression after his country's quarter-final loss to Croatia at the 2022 World Cup and considered quitting football.

’s wholly-owned indirect subsidiary KNM Europa BV planned to dispose of its entire stake in FBM Hudson Italiana SpA for 16.5 million euros .

"In view of the continued loss making operations of KNM Europa and uncertainty in business prospect, KNM has decided to exit this loss-making segment and the expected proceeds to be received from the proposed disposal of FBMHI, albeit in tranches, to be withheld to repay borrowings and for working capital purposes,” said the group.

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