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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Khazanah sells 1.1pct stake in Tenaga in off-market deal

Posted on 13 December 2012

Khazanah Nasional Bhd, the investment holding arm of the Malaysian government, sold 60 million shares, or a 1.1% stake, in state power company Tenaga Nasional Bhd (5347.KU) for 406.8 million ringgit ($133.4 million) Wednesday through a private placement.
The shares were sold at MYR6.78 apiece, representing a 2.0% discount to Tuesday’s closing price, according to a joint statement from banks involved in the private placement. CIMB and Deutsche Bank were the joint placement agents for the deal………………………………………..Full Article: Source


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