Kumpulan Europlus Bhd (KEuro) has proposed to raise its stake in West Coast Expressway Sdn Bhd (WCESB) to 80%, a move to strengthen its control of WCESB after it secured the RM7.1bn West Coast highway concession. KEuro said it was buying a 15% stake or 4.6m shares of WCESB from Prominent Xtreme Sdn Bhd for RM5.3m. Together with the current 18.7m shares (64%), the acquisition would see it holding 80% equity interest. "Upon commencement of the construction of West Coast Expressway, WCESB is expected to contribute positively to the earnings as well as the shareholders' value of the KEuro group," it said. (Financial Daily)