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Malaysia’s UEM, EPF to sell $10.5 bln Islamic debt to buy PLUS-report

Posted on 18 November 2011

Malaysia’s UEM Group Bhd and the Employees Provident Fund will raise as much as 33 billion ringgit ($10.5 billion) to fund a takeover of highway operator PLUS Expressways Bhd, a financial daily said on Thursday.
“The money will consist of about 22 billion ringgit for the consideration to take over PLUS and about 11 billion ringgit of its existing debts,” the Malaysian Reserve quoted UEM Group’s managing director and chief executive, Izzadin Idris, as saying……………………………………..Full Article: Source

 
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