Ananda Krishnan in discussions to make key investment in 1MDB
Malaysian billionaire said to be considering taking a 5% stake, in a major boost for the cash-strapped company
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Kuala Lumpur
MALAYSIA'S second-richest man, Ananda Krishnan, is in talks with state firm 1MDB to become a cornerstone investor in a long-delayed, US$3 billion listing of its power assets, two people familiar with the matter said on Thursday.
The reclusive billionaire, who owns holdings in many of Malaysia's biggest listed firms, is considering taking at least a 5 per cent stake in 1MDB's energy business, one of the people said. The people didn't disclose how much Mr Krishnan's stake would be worth since talks on the matter are continuing.
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