Opposition leader Don Poyle says he does not support the takeover bid.
“I have always supported diversity in business in Papua New Guinea.
“I do not understand the details of the takeover, but I must say that Papua New Guinea does not need a monopoly in any industry.
“We must facilitate a competitive (business) environment that is where values are added because you get quality, affordability and reduced liability to the state.
“But once I study the details of the takeover I will release a statement.”