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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Uncertainties in power tender cast shadow on 1MDB IPO

Posted on 31 January 2014

A power plant tender that sovereign wealth fund 1Malaysia Development Bhd (1MDB) is keen to win before a US$2bil (RM6.69bil) initial public offering (IPO) of its power assets has been delayed after bids came in too close to call, Government sources said.
1MDB has begun the process of choosing underwriters for what is likely to be one of South-East Asia’s largest IPOs of the year. It was expected to bundle 15 power plants it bought over a two-year shopping spree in a bid to a capitalise on growing electricity demand in Malaysia, the Middle East and South Asia, financial sources said………………………………………..Full Article: Source


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