SUBSCRIBERS
Khazanah to sell stake in Tenaga: sources
Published Thu, Sep 8, 2016 · 09:50 PM
Kuala Lumpur
MALAYSIAN sovereign wealth fund Khazanah Nasional Bhd is divesting part of its stake in national power utility Tenaga Nasional, two sources familiar with the matter told Reuters on Thursday.
Khazanah is looking to sell 82 million shares of Tenaga, or about 1.5 per cent of the total shares outstanding, which could raise up to US$294 million, according to a termsheet seen by IFR, a Thomson Reuters publication.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Israel concerned over possible ICC arrest warrants related to Gaza war
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
G7 reaches deal to exit from coal by 2035
US, Britain urge Hamas to accept Israeli truce proposal
Diamond giant De Beers is in the shop window, but the potential buyers are few
Any pivot on rates by Fed will mean more blood in stock markets