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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Khazanah sells 0.9pct Tenaga stake for $133 mln

Posted on 05 June 2013

Khazanah Nasional Bhd, the investment holding arm of the Malaysian government, sold 50 million shares, or a 0.9% stake, in state-run power company Tenaga Nasional Bhd for 412 million ringgit ($133 million) Tuesday through a private placement.
The shares were sold at MYR8.24 apiece, representing a 1.6% discount to Monday’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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