An unnamed industry source says that Proton may buy up DRB-Hicom’s 29.3% stake in car distributor Edaran Otomobil Nasional Bhd (EON).

The source said Proton may start with buying up DRB-Hicom shares, then proceed to buy up other stake held by government through the EPF and Khazanah Nasional which owns 12% and 6.2% respectively.

The plan is to eventually combine Proton Edar and EON.