Splash: Federal government not involved in takeover bid

Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili stressed that negotiations involved only the Selangor Government and Splash.

"The negotiations are only between the willing buyer and willing seller, when you're done talking, then you come to us. To date, we are still waiting for the purchase value agreed upon by the two parties involved.

"From there, we will look at the restructuring process and how much the federal government can help in terms of lending," he said when winding up the debate on the Supply Bill 2017 at the committee level for the ministry at the Dewan Rakyat.

The takeover bid price negotiations gave rise to controversy when there was a conflict between Selangor Menteri Besar Datuk Seri Mohamed Azmin Ali and his predecessor, Tan Sri Abdul Khalid Ibrahim.

Mohamed Azmin had earlier claimed the previous state government under Abdul Khalid's leadership offered RM2.98 billion for the acquisition of Splash equity between 2008 and 2014.

However, Abdul Khalid, who is also Bandar Tun Razak MP, denied the claim, saying the final offer made to Splash was RM251 million as equity payment.

Earlier, the former menteri besar, during the debate said that over payments in the acquisition of Splash would burden the people of Selangor for the next 30 years.

He said the total cost of the acquisition of the four water concessionaires in Selangor, including Splash, was expected to exceed the amount contained in the previous agreement, which was valued at RM9.65 billion.