You are here

CIMB to advise KL on sale of 1MDB firm

Friday, March 27, 2015 - 05:50

Kuala Lumpur

CIMB Group Holdings Bhd, Malaysia's second-largest bank by assets, said on Thursday it has been appointed by the country's Finance Ministry to act as adviser for the potential sale of power firm Edra Global Energy Bhd, owned by indebted state fund 1MDB, to strategic investors