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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Malaysia sovereign-wealth fund plans $1 bln IPO

Posted on 18 June 2013

1Malaysia Development Bhd, a Malaysian sovereign-wealth fund, plans to raise about $1 billion from an initial public offering of its power assets in the country in the first half of next year, two people familiar with the development said.
The proposed share sale comes after the government fund came under scrutiny earlier in the year for its debt-fueled acquisitions of assets, including these power assets that will be in the pending IPO. The IPO will also be the latest planned after pending elections that returned the ruling coalition to power made many companies put their listing plans on hold, earlier in the year………………………………………..Full Article: Source


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