Monday, March 5, 2012

Tycoon sells power assets to KL govt fund

Straits Times: Mon, Mar 05
KUALA LUMPUR: Tycoon Ananda Krishnan has sold his international power generation assets for RM8.5 billion (S$3.5 billion) to Malaysia's sovereign wealth fund 1Malaysia Development (1MDB), a deal that financial executives said will presage a fresh round of restructuring in his business empire.


In an agreement signed late last Friday, 1MDB beat a cast of international bidders, including Saudi Arabia's Saudi Water & Electric Co, to take control of Tanjong Energy Holdings, financial executives involved in the deal told The Straits Times...

To find out more, kindly join us at Real Estate Digest

Team Marshe
Martin Koh/ Sherry Tang
9383-3992/ 9844-4400
www.marshe.net
www.malaysia-properties.webs.com

No comments:

Post a Comment