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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Khazanah to sell up to $133 mln of stake in Tenaga Nasional

Posted on 12 December 2012

Malaysian state investor Khazanah Nasional Bhd is selling up to 60 million shares worth around 408 million Malaysian ringgit ($133 million)in the country’s largest electricity utility, Tenaga Nasional Bhd , according to a source familiar with the deal.
The sale will be priced at between 6.75 and 6.80 ringgit per share, said the source who declined to be named as the information was private. The selling price is about 1.7 to 2.5 percent lower than the stock’s closing price of 6.92 ringgit on Tuesday………………………………………..Full Article: Source


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